Main Photo: The Hotel Indigo, Liverpool
Date: January 2020
Location: Across the UK
Name: Several: IHG – Crowne Plaza, Holiday Inn and Indigo brands, Hilton – DoubleTree and Garden Inn, Marriott – AC Hotels.
No. of Keys: TBA
Seller: New York based Marathon Asset Management, who bought some of the hotels – 11 Crowne Plaza and Holiday inns from Goldman Sachs in August 2014 for an undisclosed sum. The hotels were put on the market, through CBRE in February 2019.
Buyer: DTP Infinities Corporation, a newly-formed UK company that acts as the holding company for Thailand’s DTGO, who are quite a holistic, philanthropic company….
They say they are a Business-Social organisation that has been dedicated since its founding in 1993 to the generation of well-being for society through a better understanding of human behaviour and holistic living eco-systems.
“All our undertakings, to which we devote our intellect, our strength, and our time, must benefit the people at large, the society we live in, our organisation, and all other stakeholders.” Mr. Dhanin Chearavanont, Honorary Chairman of Buddharaksa Foundation. “Success is assured to anyone who adheres to this principle.” says Thippaporn Ahriyavraromp, Group CEO, DTGO Corporation Limited.
Their major hospitality venture thus far appears to be The Residences Mandarin Oriental in Bangkok, alongside their own brand – Magnolias and Whizdom.
USA’s Valor Hospitality will continue to manage the hotels for the new owners. Euan McGlashan, Global Co-Founder and Chief Executive Officer of Valor Hospitality Partners, said: “Our successful collaboration with Marathon over the last six years to build a premier portfolio of hotels in leading cities across the UK has been an incredibly rewarding journey. We are now very excited about this new partnership with our friends at DTP and we look forward to playing a key role in their global expansion in the hospitality world.”
Price: Between £450m and £500m
Price per Key: TBA
THPT Comment: This Thai corporation are very proud of their award as one of the world’s most ethical companies in 2019…Congrats to them.
First Seen: Valor Hospitality website
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