Insights

Macdonald Hotels looking at selling up for £400m

28/02/2019

More East Asian investors looking at inward investment into the UK, mirroring our experience of the increasing attractiveness of UK leisure assets, notwithstanding increases in labour and supply costs (both driven by the Brexit-related drop in sterling over the past few years). Macdonald are owner-operators of a largely country-house, golf and spa portfolio with a total around 4,500 rooms, giving a price per key of less than £100,000. 

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Family-owned Macdonald Hotels is considering a £400m sale of the business. It has held talks with KOP Properties, a subsidiary of Singapore-listed KOP, although a deal has not been agreed. The West Lothian-based firm has 45 hotels in the UK as well as four resorts in Spain and one in Portugal. Its portfolio of four and five-star regional hotels includes the likes of the Randolph in Oxford and the Burlington in Birmingham. The proposed deal would see the current owners retain a handful of the freeholds of the UK hotels and all of those overseas.

https://www.egi.co.uk/news/macdonald-hotels-weighing-400m-sale/?
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