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.
The business was created by the owner in 2017. Having over 30 years of expertise and knowledge within the industry our client has created this highly profitable concept, offering a highly rated service, which has resulted in the success and growth...
This sale comprises two businesses; a furniture maker and a distributor of European-sourced furniture. Together, they enjoy great success selling to B2B markets and there are many opportunities to increase their ranges, audiences and profits.
Boasting a healthy turnover, and a superb reputation with positive online reviews. This trade is located in a prominent position on a main road in Worksop.
LEASEHOLD
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