Partner Article

North West hotel portfolio acquired by private investment company

Topland, a private investment company, has acquired the family-run Feathers Group in the North West of England.

The acquisition represents 726 bedrooms across property in Manchester, Liverpool, Chester, Preston and Warrington.

The Feathers’ portfolio comprises the Queen hotel, Chester; Llyndir Hall hotel, near Chester; Westminster hotel, Chester; Leyland hotel, Preston; Fir Grove hotel, Warrington; Willow Bank hotel, Manchester; and the Feathers and Alicia hotels, Liverpool.

All the properties are currently members of the Best Western consortium.

Topland has a total portfolio of 38 hotels with 4,100 bedrooms.

It owns and manages 29 hotels, employing 1,600 staff, as well as leasing nine hotels.

Executive chairman and chief executive of Topland, Sol Zakay, said “Our intention is to invest further in our existing hotels to strengthen performance, and to deploy significant further capital in new opportunities to grow the portfolio.”

Director of hotels at Topland, Lionel Benjamin, said, “Our combined management expertise will continue to focus on driving revenue and exceeding EBITDA expectations across the portfolio to maximise value.

“The Feathers acquisition underpins Topland’s long-term commercial strategy in the hotel sector.”

This was posted in Bdaily's Members' News section by Sophia Taha .