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HK CTS Metropark Hotels Purchases Kew Green Hotels

Hospitality

HK CTS Metropark Hotels has acquired Kew Green Hotels' entire issued share capital.


HK CTS Metropark Hotels Purchases Kew Green Hotels

Kew Green portfolio includes 5,179 rooms in 44 UK hotels, with a further ten UK hotels being managed by the company for their respective owners.
Senior management held their positions with a goal in mind of continuing to expand the business throughout Europe and especially in the UK.
With its franchised hotels spread evenly across Britain and the mindset to keep the relationship with its partners unchanged, HK CTS provides national coverage to its customers.

This transaction brought to an end the partnership between Goldman Sachs' and TPG Special Situations Partners' association with Kew Green, which they assimilated in 2013 and have developed into the largest European Holiday Inn franchisee and one of the most prestigious operators in the market.

"The acquisition of Kew Green Hotels is a remarkable acquisition that offers a strategic growth platform within the UK and across Europe," said Jeremy XU Muhan, chairman of HK CTS Metropark Hotels.
"Investing overseas will allow us to bridge Chinese tourism with the rest of the world.
"The purchase of the first rate Kew Green Hotels business is the first step and it enables us to provide a platform to grow from."
The acquisition of Kew Green Hotels by HK CTS Metropark will not interfere with the ownership or operation of the iconic Grand Brighton hotel, which is owned by Wittington Investments and will still be managed by Kew Green as before.

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