Topland has acquired Hallmark Hotels a luxury four-star site portfolio for circa £75m, taking Topland’s hotel portfolio to 30 outlets. This transaction supports Topland’s ongoing strategy to build a £1bn hotel business.
Hallmark consists of eight luxury four star hotels with 730 rooms and 600 employees across the UK including Croydon, Manchester and Gloucester. Topland now employs close to 2,000 people in its hotel business.
The hotels include Bath’s Royal Crescent Hotel, the Brighton Metropole, the Glasgow Hilton and a portfolio of Thistle Hotels, including five in central London and one in Edinburgh.
Topland will add the Hallmark hotels to the platform of the Menzies portfolio acquired in November 2013 and the day to day operations will be managed by Bespoke Hotels who have been managing the Menzies portfolio.
Topland is one of the UK’s largest private real estate companies in the UK, and this acquisition follows Chief Executive Sol Zakay’s stated intention to substantially grow Topland’s hotel holdings, this acquisition brings The Topland Group to 3,000 plus hotel rooms in the UK.