Frasers Hospitality acquires four UK hotels for $76.3m

The hotels are located in key UK cities.

The hospitality conglomerate has further deepened its footprint in the United Kingdom (UK), as it snaps up four properties in the country from Swire Properties Hotels Holdings .

According to a statement by Frasers Hospitality, the newly acquired hotels will be rebranded to Malmaison and Hotel du Vin properties, bringing the total of boutique hotels under the brands to 33 and the total number of keys to 2,347.

The acquisition also came hot on the heels of Frasers Hospitality’s recent purchase of Malmaison and Hotel du Vin’s stable of 29 upscale lifestyle boutique hotels for $760m, opening the floodgates to further expansion.

“This acquisition is clearly in line with the Group’s expansion strategy of the brands within the UK, Europe and Asia. With these two best-in-class lifestyle brands, we are on track to achieve our goal of operating 30,000 keys by 2019,” said Choe Peng Sum, CEO of Frasers Hospitality.

“The hotels will continue to operate under their existing brands until 2016 when development plans will be revealed for each of the hotels,” the statement said.

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