The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

MWB delays Malmaison sale

20 September 2007 by

Marylebone Warwick Balfour (MWB) today revealed it has delayed the sale of Malmaison and Hotel du Vin until financial conditions become more stable.

It was thought that a deal was close to completion, but in a statement to shareholders, the MWB board announced that it had "delayed the sale of the group's Malmaison and Hotel du Vin property portfolio and business as a result of the current uncertainties in the markets".

MWB appointed the Bank of America to find a buyer for the hotel chain in July after the failure of Vector Hospitality to float as a Real Estate Investment Trust (REIT) and to acquire the properties.

Last month it was reported that the Prem Group, Ireland's largest hotel developer, were the front-runner after a £685m bid.

MWB currently has a pipeline of six new sites expected to be open by autumn 2008, lifting the entire portfolio to 27 hotels.

Malmaison and Hotel du Vin bid made >>
Malmaison and Hotel du Vin in search of buyer >>

Malmaison owner denies accusations of Vector mismanagement >>
Vector pulls out of £2b floatation >>

By Christopher Walton

E-mail your comments to Christopher Walton](mailto:Christopher.Walton@rbi.co.uk?subject=MWB delays Malmaison sale) here.

[The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking