National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

Redefine Properties International 60% stake in Earl’s Court hotel bought

November 23 2012 at 08:00am
By Roy Cokayne

Comment on this story

Redefine Properties International had acquired a 60 percent stake in the Earl’s Court Holiday Inn Express Hotel in London for £8.7 million (R123.4m), the property investment company said yesterday. It has acquired 60 percent of the issued shares in BNRI Earls Court, which owns the 150 bedroom hotel valued at £27m, from Camden Lock and Earl’s Court LLP. The company, which is controlled by Bashir Nathoo, owns the remaining 40 percent shareholding in BNRI Earls Court. The hotel formed part of the Splendid Hotel Portfolio of seven hotels that were originally co-owned by Nathoo, five of which were acquired by Redefine International in December 2010. Redefine International shares rose 0.53 percent to close at R5.68 yesterday. – Roy Cokayne


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw
Sudoku