Wed, 30 Nov 2011 | BUSINESS SALE
Jasminder Singh's Edwardian Group has made its second major hotel acquisition in one month with the purchase of the New Providence Wharf hotel in Canary Wharf, London.
The purchase of the 169-bedroom, four-star hotel takes the privately owned hotel group's tally to 14.
The £37.5 million purchase comes just four weeks after its acquisition of the Grade II-listed Radisson Edwardian Free Trade Hall in Manchester. The group is believed to have paid more than the £37.5 million asking price for the 263-bedroom, five-star luxury hotel Free Trade Hall.
Both of the hotels have been operated under the Radisson Edwardian brand for at least four years.
Paul Mansi, Edwardian Group chief operating officer, told Caterer Search,“It also brings the hotel under our full control, which will allow us to broaden the scope of the hotel's offering in due course.
“The group is well positioned to make further purchases when interesting opportunities present themselves,” Mr Mansi added.
The New Providence Wharf hotel, which lies on the banks of the Thames, is ideally located close to the O2 Arena and London City Airport.
The Edwardian Group also operates a management contract at the Radisson Edwardian Guildford, which has just opened.
A well-established and successful 5* rated car and van dealer, which has only been made available for sale due to our client wishing to pursue other technology business interests. The business offers a wide range of services, from finding the perfect...
LEASEHOLD
The Company supplies Marketing and Sales professionals, for both large corporate organisations and SMEs, with all their branded and promotional material needs from brochures, banners, and exhibition stands to branded pens, notebooks, power banks, and...
LEASEHOLD
Seeking parties interested in the business and assets of a company that operates within the sanitation industry.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.