Marylebone Warwick Balfour, the owners of Malmaison Hotels, unveiled a £66.4 million deal yesterday to buy Hotel du Vin, the boutique hotel chain, which has a branch in Ship Street. Brighton.
As well as Brighton, Hotel du Vin has properties in Winchester, Tunbridge Wells, Bristol, Birmingham, and Harrogate and a further site at Henley-on-Thames due to open in March.
Its majority shareholder is Ashley Levett who will receive more than £10 million for his stake. Other big shareholders include Gordon and Anita Roddick, the Body Shop entrepreneurs.
Malmaison, concentrates on hotels of between 60 and 120 rooms in larger British cities such as Glasgow, Newcastle upon Tyne, Leeds, Manchester and London. Hotel du Vin will be run by Robert Cook, chief executive of Malmaison. Robin Hutson and Gerard Basset, founders of Hotel du Vin, will leave the company after the deal.
Malmaison was one of the names linked with the new Library development in Jubilee Street in the heart of the North Laine. It is not known whether they will proceed with that development in the light of their acquisition of Hotel du Vin half a kilometre away.
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Hotel Du Vin