Business
Hotel Mandate
Hotel Mandate.
About this update from Christie Group Plc
[{"type":"text","content":"\n RNS Number : 5794P Christie Group PLC 20 July 2010 \n \n\n \n \n \n20 July 2010\n \n \nChristie Group plc\nHotel Mandate\n \n \n \nChristie Group plc ('Christie' or the 'Group'), the leading provider of professional business services and stock & inventory systems & services to the leisure, retail and care markets, announces that it has been appointed by Starwood Capital ('Starwood') to advise on the sale of 18 UK hotels.\n \nThrough its professional services division, the specialist property agent and advisor Christie + Co, it has been appointed by Starwood's Louvre Hotels, to advise on the sale of the freehold interests of the hotels, which comprises of 17 'Campanile' assets and one 'Première Classe' branded property, an estate totalling 1,549 bedrooms. \n \nThese hotels, which are a mixture of freehold and long leasehold sites, are spread across the UK in key locations such as Cardiff, Glasgow, Birmingham, Liverpool, and Manchester. \n \nAvailable with the benefit of a management contract with Louvre Hotels under its Campanile brand, this is a rare opportunity to acquire a whole group of hotels in one transaction.\n \nJeremy Jones, Director at Christie + Co, said: \"The opportunity to acquire over 1,500 bedrooms in some of the UK's best trading locations is something of a rarity. To secure a leading flag on these assets by means of a management contract with Louvre Hotels makes this deal even more exciting.\"\n \n\"We anticipate a strong response reflecting the quality of the opportunity and the ability to keep growing one of Europe's best known hotel brands.\"\n \n \n \nEnquiries:\n \nDavid Rugg 020 7227 0707\nChief Executive \nChristie Group plc\n \nRussell Cook / Carl Holmes 020 7149 6000\nCharles Stanley Securities\nNominated Adviser & Broker\n \nTo...