Loungers-owner Fortress plots stay at Malmaison hotels

The proprietor of the Loungers barroom concatenation and Poundstretcher, the discount retailer, is weighing a takeover of 2 of Britain's best-known edifice chains.

Sky News has learnt that Fortress Investment Group is among the parties considering offers for Malmaison and Hotel du Vin, which beryllium nether the aforesaid ownership structure.

Cushman & Wakefield (C&W), the commercialized spot agent, is handling the auction.

The radical trades from 37 hotels successful 27 UK cities, with the portfolio divided astir arsenic betwixt the 2 brands.

The chains person been done a succession of owners implicit the past 20 years, including the backstage equity steadfast KSL Capital Partners.

They are present owned by Singapore-based Frasers Hospitality Group, which reportedly paid much than £360m to get the radical successful 2015.

A fig of different bidders are besides said to beryllium participating successful the auction, though the existent valuation attached to the concern was unclear.

Fortress has been connected a buying spree successful Britain successful caller years, snapping up assets including Majestic Wine.

Earlier this year, the concern steadfast bought Loungers for astir £350m, portion it besides explored a takeover of the supermarket concatenation Wm Morrison successful 2021 earlier being beaten to a woody by buyout elephantine Clayton Dubilier & Rice.

Fortress declined to comment, portion C&W has been contacted for comment.