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Company, Maybourne Hotel Group; Will Own and Manage The Berkeley, Claridge's and The Connaught |
LONDON - Jan. 25, 2005--Quinlan Private, the leading
international property investment and advisory group, announces the
formation of a new super-luxury hotel company, Maybourne Hotel Group.
Maybourne Hotel Group is actively seeking other opportunities to acquire and develop super-luxury hotels globally. It will operate from newly-acquired offices in Mayfair, London. The new brand has been created by Landor, the international brand identity consultants. Maybourne Hotel Group announces that it will start construction at The Connaught of 35 new rooms/suites and a health spa. It also announces that Lord Rogers, the leading architect, has been retained as a consultant on a programme of improvement and development at The Berkeley. His plans will be available later this year. Derek Quinlan, Chairman of Quinlan Private, said: "This is an exciting day. There is a clear gap in the market for a group managing only landmark super-luxury hotel properties. "I am particularly pleased that Geraldine McKenna is to lead the executive team and to ensure the continuity for our three hotels. We remain committed to a substantial investment programme for The Berkeley, Claridge's and The Connaught. The appointment of Richard Rogers is a sign of our determination to enhance these assets." Geraldine McKenna said: "This is the start of a new era with the creation of a world-class hotel company. Each of our uniquely individual hotels was founded in Mayfair and our reputation for crafting luxury experiences was built in Mayfair. I believe Maybourne reflects in every sense the origin of the new hotel company." About Quinlan Private Quinlan Private, Ireland's first independent private client advisory group, was founded in 1989. Quinlan Private has an established competence, as principal and advisor, in originating, structuring, financing, developing and managing a diversified portfolio of prime assets. These assets include commercial office blocks, shopping centres, car-parks and hotels throughout Europe and North America. Its current property portfolio comprises approximately 150 assets. It has a proven distribution capacity and works with major international banking groups to syndicate and place private equity in property transactions. Quinlan Private recently acquired a range of commercial property assets located in Hungary and the Czech Republic. Quinlan Private bought the Savoy Group comprising The Berkeley, Claridges, The Connaught and The Savoy together with the Savoy Theatre and Simpson's-in-the-Strand in May 2004 for GBP 750 million. It sold The Savoy and Simpson's-in-the-Strand in January 2005 while retaining the other three hotels and the Savoy Theatre. |
Contact: Anita Cotter Maybourne Hotel Group US & Canadian Media Telephone: 212-715-0938 or Powerscourt Rory Godson/John Murray UK & International Media Telephone: +44-20-7236-5615 |
| Also See: |
Fairmont Anticipates Assuming Management of The Savoy in January 2005 / September 2004 |
| InterContinental Hotels Putting 76 Properties Up for Sale to Raise UKpound 1.3 billion / September 2004 |
