Topland, one of Europe’s largest privately head investment groups, continued its aggressive acquisition program on Tuesday with news of a deal to acquire The Feathers Group, a portfolio of eight hotels with 726 guestrooms across northwest England for a reported £65 million (US$98.5 million). Topland has now spent £200 million (US$303 million) in 13 months acquiring 28 hotels.
“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,” said Topland CEO Sol Zakay, which has a portfolio of 29 hotels with nearly 3,000 guestrooms.
Topland Director of Hotels Lionel Benjamin added, “The Feathers Group is a great addition, complementing the Menzies and Hallmark acquisitions, and enhancing the growth of our hotel portfolio.”
The Feathers Hotel Group is a family run business that has been built up by the Feathers family and its management team over the last 60 years.