KSL prepares for Hotel du Vin and Malmaison sale

UK: US private equity firm KSL Capital Partners is preparing to sell Hotel du Vin and Malmaison, which it bought out of administration in March 2013.

UK: US private equity firm KSL Capital Partners is preparing to sell Hotel du Vin and Malmaison, which it bought out of administration in March 2013.

According to reports, KSL has appointed UBS to conduct a full review of strategic options for Malmaison Group.

The review is “expected to lead to a formal auction of the two hotel brands, which between them operate from nearly 30 sites across the UK, although a sale process has yet to get under way,” according to Sky News.

Hotel du Vin and Malmaison were previously owned by MWB Group, which went into administration in November 2012.

Sources said that Malmaison executives led by chief executive Gary Davis would be keen to secure a new backer “with sufficient capital to fund future expansion plans”.

www.malmaison.com

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