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Frasers Centrepoint’s Subsidiary To Acquire Golden Tent
Daily Bulletin | 09 December 2015
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Frasers Centrepoint announced that its subsidiary, Malmaison and Hotel du Vin Property Holdings (MHDV), have entered into an agreement to acquire Golden Tent for approximately $76.3 million. Golden Tent is engaged in the business of operating hotels in the United Kingdom, namely The Montpellier Chapter, The Magdalen Chapter, Hotel Seattle and The Avon Gorge Hotel.

The consideration for the acquisition takes into account the valuation of the properties commissioned by MHDV in July 2015 of an aggregate value of GBP36 million as well as the net tangible asset value of Golden Tent estimated to be approximately GBP35.6 million.

Frasers Property  1.760 +0.030 +1.73%   
Business: Co is an integrated real estate player. [FY16 Turnover] Properties Strategic Business Units (SBU) (86.4%), International Business (13.6%).

Insight: Aug-18, 9M18 revenue decreased by 4.3% while net p... Read More

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