The Caterer

Topland sells Hallmark Hotels for £250m

01 March 2019 by
Topland sells Hallmark Hotels for £250m

The Zakay brothers' Topland Group has sold its Hallmark Hotels business to a consortium of overseas investors for around £250m.

An Israeli investment fund working with LGH Hotels Management has bought the 26-strong portfolio.

Following the purchase of 12 Menzies hotels in November 2013 for around £80m, Topland bought the eight-strong Hallmark group in July 2014 in a £75m deal, with the addition of a further eight hotels from the Feathers group acquisition in January 2015. Topland later merged the three portfolios under the Hallmark brand.

Topland is left with eight hotels including Bath's Royal Crescent hotel, the Brighton Metropole, the Glasgow Hilton and a number of properties operating under the Thistle brand.

In a statement Topland, which is run in the UK by Sol Zakay, said it was "actively looking for new opportunities on individual or portfolio hotel acquisitions, hotel development, hotel financing and hotel joint ventures as well as to expand the current portfolio of Hilton and Thistle hotels".

Topland Group sells Hallmark Hotel Bournemouth West Cliff >>

Topland Group merges Hallmark and Menzies hotels under one brand >>

Minute on the clock: David Grosfils >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy or all three!.
The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

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.