MWB looks to sell and lease back Malmaison assets

10 May 2011 by
MWB looks to sell and lease back Malmaison assets

MWB Group Holdings, the investment company which owns the Malmaison and Hotel du Vin brands, has confirmed that it is in active discussions with a number of parties to sell and lease back and/or sell a number of its hotel assets.

The company issued a statement after The Times reported that MWB was on the brink of selling and leasing back the 97-bedroom Malmaison hotel in Charterhouse Square in the City of London for £32m to cut its debt.

While MWB confirmed that it was looking to reduce its debt level, it said that no transactions have yet taken place.

There are 12 Malmaison and 15 Hotel du Vin properties in the UK. MWB currently owns all the hotels, except for the Malmaison Oxford.

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By Janet Harmer

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