Heeton Holdings, KSH Holdings, Lian Beng Group and Ryobi Kiso Holdings have acquired two hotels in the United Kingdom.
They are the ibis Budget Bradford in Bradford City and ibis Hotel Gloucester.
Heeton did not reveal how much the hotels were acquired for.
Heeton holds an effective interest of 55% in the consortium while KSH, Lian Beng and Ryobi Kiso (via its 75% owned subsidiary, Leeds Investment & Development), have effective interests of 15% each respectively.
The latest purchases mark the consortium’s third and fourth venture in the UK following its maiden acquisition in Hammersmith, London in March 2015 and a mixed development site near Leeds City Centre in July 2015.
Ibis Budget Bradford has 86 bedrooms and is close to the centre of Bradford.
Ibis Hotel Gloucester has a total of 127 bedrooms in Gloucester City, a tourist destination.
Both hotels are managed by the international French hotel operator, Accor.
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They are the ibis Budget Bradford in Bradford City and ibis Hotel Gloucester.
Heeton did not reveal how much the hotels were acquired for.
Heeton holds an effective interest of 55% in the consortium while KSH, Lian Beng and Ryobi Kiso (via its 75% owned subsidiary, Leeds Investment & Development), have effective interests of 15% each respectively.
The latest purchases mark the consortium’s third and fourth venture in the UK following its maiden acquisition in Hammersmith, London in March 2015 and a mixed development site near Leeds City Centre in July 2015.
Ibis Budget Bradford has 86 bedrooms and is close to the centre of Bradford.
Ibis Hotel Gloucester has a total of 127 bedrooms in Gloucester City, a tourist destination.
Both hotels are managed by the international French hotel operator, Accor.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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