Board

2012

Business Outlook

Hotel Transactions 2011 – Portfolio

Date

Property / Properties

Total bedrooms

Total sale price £75m for 25% stake

Purchaser

Vendor

3 hotels (539 rooms) 8 hotels (569 rooms) 6 inns (58 rooms) 16 hotels (1,700 rooms) 4 hotels (575 rooms)

Misland (Cyprus) Investments — Peter Green’s investment vehicle Administrators of Butterfly Hotels Ltd (Begbies Traynor) Administrators of Maypole Group (Baker Tilly) Administrators of Piccadilly Hotels (KPMG)

January

25% stake in Maybourne Hotel Group

The Barclay brothers

February Butterfly Hotels

Undisclosed Akkeron Hotels

March

Maypole Group

Undisclosed Marco Pierre White

July

Menzies Hotels

Undisclosed Management buyout — Cordial Hotels

Malmaison hotels in Birmingham, Newcastle and Manchester

Legal and General Property — sale and leaseback

July

£55.3m

MWB Group Holdings

Premier Inns: Sandhurst, Harlow, Norwich Central South, Chippenham, Worcester, Hereford, Weston-Super-Mare East The Mint Hotel brand and chain of 8 hotels — of which 7 are in the UK and 1 in Amsterdam

7 hotels (588 rooms)

LaSalle Investment Management — sale and leaseback

August

£53.8m

Whitbread

Uberior Ventures — part of Lloyds Banking Group – and the founders of City Inn

8 hotels (2,783 rooms)

Blackstone Group — the hotels have been added to Hilton Worldwide’s portfolio Jupiter Hotels — a joint venture between Patron Capital and West Register — the hotels will be rebranded Mercure under a franchise agreement with Accor

September

£615m

Portfolio of 26 Jarvis Hotels comprising 21 freeholds and 5 leaseholds

26 hotels (2,664 rooms)

Jarvis Hotels Limited ( pre-pack administration)

September

£111m

£700 million debt acquisition

Maybourne Hotel Group: The Berkeley, the Connaught and Claridge’s Lower Slaughter Manor, Buckland Manor, Washbourne Court (all Gloucestershire); Amberley Castle (West Sussex) The Elms (Worcester); Fowey Hall ( Cornwall); the Ickworth (Suffolk); Moonfleet Manor (Dorset); Woolley Grange (Wiltshire); Thornbury Castle ( Gloucestershire); New Park Manor ( Hampshire)

3 hotels (539 rooms)

Maybourne Finance Limited ( Barclay brothers)

September

NAMA

4 hotels (81 rooms)

Administrators of von Essen Hotels (Ernst & Young)

October

Undisclosed Bath Priory Limited (Brownsword Hotels)

7 hotels (211 rooms)

Patron Capital (Halcyon Hotels & Resorts)

Administrators of von Essen Hotels (Ernst & Young)

December

Undisclosed

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.

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