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RBH expands its hotel portfolio

02 October 2017 13:20

Redefine International has confirmed that Redefine BDL Hotel Group (RBH), a Company in which it holds a 30.4% interest, has completed on a transaction to manage a prestigious portfolio of 26 four-star luxury hotels located throughout the UK.

The Transaction will result in RBH now managing in excess of 75 hotels, including a diverse mix of branded and private label properties together providing more than 11,000 rooms across the UK.

Mike Watters, CEO of Redefine International, commented:

"The inclusion of this portfolio is expected to drive significant additional revenue for RBH going forward. All round, this a great accolade for the management team at RBH, as it is a clear endorsement of their track record and reputation in the market as experts in hotel management."

At 1:20pm: (LON:RDI) Redefine International share price was -0.11p at 37.89p

Story provided by StockMarketWire.com

Related Company: RDI

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