Gary Davis, chief executive of Malmaison and Hotel du Vin, has confirmed that both brands are on the verge of expansion.
He told The Caterer that he has looked at an extensive number of sites across the UK, including London and that due diligence is currently being carried out on around five locations for each brand.
“We expect to be able to announce deals on at least two Malmaisons and two Hotel du Vins in the coming weeks and months,” he said.
Davis was speaking after it had been widely reported that Malmaison had emerged as the front runner to buy the original headquarters of Scotland Yard on London’s Pall Mall to convert into a hotel. “We have looked at the site, but there is nothing concrete in the rumours.”
Funding for the expansion of the two brands has been forthcoming since they were both acquired in March 2013 by US-based private equity firm KSL Capital Partners for around £200m, after former parent company, MWB Group, went into administration.
Malmaison now boast 13 hotels, following the opening of its latest property in Dundee, and 15 Hotel du Vin properties.