Monday, October 3, 2016

YTL expands portfolio with three UK hotel acquisitions


Malaysia’s YTL Hotels is expanding its portfolio with the recent acquisition of three properties, one each in Edinburgh, Berkshire and London.

The Glasshouse Hotel, located in the heart of Edinburgh, is part of Marriott International’s Autograph Collection.

This acquisition reinforces YTL’s partnership with Marriott, which began in 1995 through the ownership, management and future development of seven properties including JW Marriott Kuala Lumpur and The Ritz-Carlton Koh Samui.

The second property that will come under YTL’s hotel portfolio is Monkey Island in the village of Bray in Berkshire, renowned as the only village in the world with four Michelin-star restaurants and pubs.

YTL also acquired the Academy Hotel in London’s West End. The hotel comprises five restored Georgian townhouses and is a stone’s throw away from The British Museum.

With these, YTL’s global portfolio has increased to 29 assets across Australia, Japan, Malaysia, Indonesia, Thailand, China, France, Spain and the UK.

-TTG Asia.
http://www.ytlhotels.com/

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