JJW Hotels Buys The Eton Group

14th August 2007 (Last Updated August 14th, 2007 06:42)

JJW Hotels & Resorts has bought UK boutique hotel group The Eton Collection for £70m. The five Eton Collection hotels, located in London, Leeds and Edinburgh, recorded a £15m turnover in 2006, with an average occupancy rate of 75%. The acquisition will take JJW's UK proper

JJW Hotels & Resorts has bought UK boutique hotel group The Eton Collection for £70m.

The five Eton Collection hotels, located in London, Leeds and Edinburgh, recorded a £15m turnover in 2006, with an average occupancy rate of 75%.

The acquisition will take JJW’s UK properties from three to eight luxury hotels.

The Eton Collection chief executive Peter Tyrie is to become chief executive of JJW Hotels & Resorts United Kingdom.

A subsidiary of MBI International, JJW is owned by Saudi businessman Sheikh Mohamed bin Issa Al Jaber.