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