Malmaison To Grow Under MWB, SAS.(Marylebone Warwick Balfour Group Plc; SAS International Hotels)(Brief Article)

Hotels, November, 2000 by Hensdill, Cherie

LONDON The early September sale of the Malmaison brand by Wyndham International, Dallas, to a joint venture of London-based Marylebone Warwick Balfour Group Plc (MWB) and SAS International Hotels promises growth for the five-unit (460 rooms) boutique-styled chain.

Wyndham purchased Arcadian International Plc in 1998 for about US$296 million, a package that encompassed about 16 properties, the Malmaison name, as well as a 50% stake in the Great Eastern Hotel in London. For about US$112.5 million, MWB bought the real estate and operating business of the Malmaison hotels, while SAS acquired 50% of the brand rights.

SAS will have a 20-year management contract for Malmaison and will name a brand president, but SAS CEO Kurt Ritter says there will be no...

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