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Hotel du Vin shrugs off problems at parent company
4:34pm Friday 16th November 2012 in News
HOTEL du Vin says its trading will be unaffected by the decision of its parent company to call in administrators.
The chain, which started in Southgate Street, Winchester, in 1994 and with its sister brand Malmaison, now has 26 boutique hotels across the UK.
Parent company MWB suspended trading in its shares a fortnight ago, saying that they could soon be worthless. Talks with creditors are ongoing.
In a statement Malmaison and Hotel du Vin today said they noted the statement from its shareholder MWB Group Holdings Plc appointing an administrator to its business.
The statement said: “This development has no impact on Malmaison and Hotel Du Vin trading, with both subsidiary businesses performing strongly with both sales growing and profits ahead by 14 per cent over the last four month period on a like for like basis.
“Under the guidance of a new management team, the business has benefited from the strategic review implemented at the start of the year, which continues to deliver operational benefits and provide exciting opportunities going into 2013.
Gary Davis, chief executive of Malmaison and Hotel du Vin said today: “The Malmaison and Hotel du Vin businesses have great brands and we continue to invest in the estate. We have a talented team who provide consistently high standards of service, as demonstrated by the excellent customer feedback we receive.
"Both businesses have performed well this year and we continue to see improvements in trading. Occupancy continues to improve with resilient room rates and recent management initiatives continue to deliver growth and margin improvements. We look forward to the exciting Christmas season and a successful 2013.”
The co-founder of Hotel du Vin, Robin Hutson, recently opened The Pig hotel in Southampton.
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