Hiap Hoe acquires UK Holiday Inn Express for $46.4 mil

SINGAPORE (June 16): Real estate group Hiap Hoe is acquiring Trafford City Hotel Limited – the owner of Holiday Inn Express Trafford City, Mercury Way, Manchester, UK – through its indirect wholly-owned subsidiaries for a consideration of £26.3 million ($46.5 million).

Holiday Inn Express Trafford City is a limited service hotel located in the Trafford area of Manchester.

It is branded as a Holiday Inn Express in accordance with a franchise agreement with IHG Hotels, and is managed by Tower Hotel Management, a subsidiary of The Peel Group.

---

Related Stories

• City Developments’ acquisitions likely to top $2 bil this year with Xintiandi purchase
• ESR-LOGOS REIT makes a bigger push into Japan
• E-LOG's DPU falls by 18.6% in 1HFY2024 following 2023 divestments, plans two acquisitions

---