Hotel Transactions 2011 – Portfolio
Note: Details of the transactions listed in the tables above are taken from information in the public domain
and Christie + Co cannot warrant their accuracy.
Date
Property / Properties
Total
bedrooms
Total sale
price
Purchaser
Vendor
January
25%
stake in Maybourne Hotel Group
3
hotels
(539
rooms)
£75m for
25%
stake
The Barclay brothers
Misland (Cyprus) Investments —
Peter Green’s investment vehicle
February Butterfly Hotels
8
hotels
(569
rooms)
Undisclosed Akkeron Hotels
Administrators of Butterfly
Hotels Ltd (Begbies Traynor)
March
Maypole Group
6
inns
(58
rooms)
Undisclosed Marco Pierre White
Administrators of Maypole
Group (Baker Tilly)
July
Menzies Hotels
16
hotels
(1,700
rooms)
Undisclosed Management buyout — Cordial Hotels
Administrators of Piccadilly
Hotels (KPMG)
July
Malmaison hotels in Birmingham,
Newcastle and Manchester
4
hotels
(575
rooms)
£55.3m
Legal and General Property — sale and
leaseback
MWB Group Holdings
August
Premier Inns: Sandhurst, Harlow, Norwich
Central South, Chippenham, Worcester,
Hereford, Weston-Super-Mare East
7
hotels
(588
rooms)
£53.8m
LaSalle Investment Management —
sale and leaseback
Whitbread
September
The Mint Hotel brand and chain of 8 hotels
—
of which 7 are in the UK and
1
in Amsterdam
8
hotels
(2,783
rooms)
£615m
Blackstone Group — the hotels have been
added to Hilton Worldwide’s portfolio
Uberior Ventures — part of
Lloyds Banking Group – and the
founders of City Inn
September
Portfolio of 26 Jarvis Hotels comprising
21
freeholds and 5 leaseholds
26
hotels
(2,664
rooms)
£111m
Jupiter Hotels — a joint venture between
Patron Capital and West Register — the
hotels will be rebranded Mercure under
a franchise agreement with Accor
Jarvis Hotels Limited
(
pre-pack administration)
September
Maybourne Hotel Group: The Berkeley,
the Connaught and Claridge’s
3
hotels
(539
rooms)
£700
million debt
acquisition
Maybourne Finance Limited
(
Barclay brothers)
NAMA
October
Lower Slaughter Manor, Buckland Manor,
Washbourne Court (all Gloucestershire);
Amberley Castle (West Sussex)
4
hotels
(81
rooms)
Undisclosed Bath Priory Limited (Brownsword Hotels)
Administrators of von Essen
Hotels (Ernst & Young)
December
The Elms (Worcester); Fowey Hall
(
Cornwall); the Ickworth (Suffolk);
Moonfleet Manor (Dorset); Woolley
Grange (Wiltshire); Thornbury Castle
(
Gloucestershire); New Park Manor
(
Hampshire)
7
hotels
(211
rooms)
Undisclosed
Patron Capital (Halcyon Hotels &
Resorts)
Administrators of von Essen
Hotels (Ernst & Young)
18
Business Outlook
2012
