Pandox, acting in partnership with Fattal Hotels Group, has entered into an agreement to acquire the iconic Midland Hotel in Manchester from Aprirose for €130.4m (£115m). Opened in 1903, the four-star Midland Hotel, situated in the centre of Manchester, features 312 bedrooms, two award-winning restaurants - Adam Reid at the French, and Mr Cooper's - an elegant Tea Room, a newly refurbished bar and lounge, 14 conference and meeting rooms, and a spa and gym. The hotel, which will retain its name and renowned ambience following the acquisition, and will receive an investment of €12.5m (£11m) for renovation works as it joins the growing collection of Leonardo hotels.
Currently consisting of seven hotels in the UK: six in Scotland, located in Edinburgh, Glasgow, Aberdeen and Perth, and one in London Heathrow; Leonardo is a recent entrant into the UK hotel market but has a significant international presence, with more than 180 properties across several major European cities.
Commenting on the acquisition, David Fattal, CEO of Fattal Hotels Group, said: “This fantastic acquisition of Manchester’s Midland Hotel represents a huge step forward in our ambitious growth strategy in the UK. The reputation of the hotel speaks for itself and with this, we have the opportunity to further expand and strengthen the depth and breadth of our portfolio.”
Jason Carruthers, Managing Director of Leonardo and Jurys Inn Hotels UK and Ireland, said: “We are delighted to have acquired the iconic Midland Hotel, which is very much a flagship acquisition for the group. This is truly one of the great hotels in the UK, which is rightly woven into the fabric of Manchester life. With a very experienced management team and dedicated employees, the hotel fits well into our broader portfolio and is in line with our strategy to position the Group as one of the UK’s most significant hotel owner and operators. We look forward to working together with everyone at the Midland Hotel to help drive performance and continue to deliver exceptional guest experiences, as we look to retain this great hotel’s status in the heart of Manchester.”
