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Christie brokers hotel and pub group deal

03 November 2016 08:04

Christie & Co - the Christie Group's specialist provider of agency and advisory services - has successfully brokered the acquisition of the Chapman Group by Dominion Hospitality.

Dominion Hospitality is an affiliate of Stellex Capital Management, a private equity group that invests in middle market companies in North America and Europe. The acquisition is focused on providing growth capital and resources to expand Dominion's presence in the UK.

The portfolio of 28 hotels and pubs in the south of England is being purchased from Chris and Delia Chapman who have built a strong business and have worked closely with Stellex for some time over the terms of the transaction.

Stellex is partnering with two industry veterans to assist with its plans: Ted Kennedy, who owns Pebble Hotels and was previously an MD in Whitbread's managed pub division, and Billy Buchanan, chief executive of LT Management Services.

At 8:04am: (LON:CTG) Christie Group PLC share price was 0p at 91.5p

Story provided by StockMarketWire.com

Related Company: CTG

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