To view the PDF file, sign up for a MySharenet subscription.

REDEFINE INTERNATIONAL PLC - Redefine BDL Hotel Group adds 22 properties to portfolio

Release Date: 19/11/2014 09:00
Code(s): RPL     PDF:  
Wrap Text
Redefine BDL Hotel Group adds 22 properties to portfolio

REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8V8G91
(“Redefine International” or “the Company”)


REDEFINE BDL HOTEL GROUP ADDS 22 PROPERTIES TO PORTFOLIO


Redefine International, the income focused UK Real Estate Investment Trust (“UK-REIT”), is pleased to
announce that the Redefine BDL Hotel Group (“Redefine BDL”), of which the Company owns 25.28%, has
been appointed to manage a prestigious portfolio of 22 hotels on behalf of LRG Acquisition Limited
(“LRG”).

The deal establishes Redefine BDL not only as Europe’s largest manager of InterContinental Hotel Group
(“IHG”) franchised properties, but also as the UK’s largest independent hotel management team.

The 22 hotels, which have an annual turnover in excess of GBP200m, includes five central London hotels
and Holiday Inns at Edinburgh, Cardiff, Glasgow and Birmingham NEC and will add almost 6,000 rooms to
the managed portfolio.

Mike Watters, Chief Executive of Redefine International, said:
“This is a landmark addition to the Redefine BDL portfolio. The quality and prestige of the properties are of
a very high level, as is the calibre of the workforce that will be integrated into the team. Redefine BDL is
looking forward to working closely with LRG and to further strengthening its successful partnerships with
IHG.”


For further information:

Redefine International P.L.C.
Michael Watters, Stephen Oakenfull                                 Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Stephanie Highett, Dido Laurimore, Claire Turvey                   Tel: +44 (0) 20 3727 1000

FTI Consulting
SA Public Relations Adviser
Max Gebhardt                                                       Tel: + 27 (0) 11 214 2400

JSE Sponsor
Java Capital                                                       Tel: + 27 (0) 11 283 0042

Redefine International is a UK REIT with a primary listing on the London Stock Exchange and a secondary
listing on the Johannesburg Stock Exchange.


19 November 2014

Date: 19/11/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story