Heeton completes UK hotel purchase; eyes refurbishment

HEETON Holdings and Ryobi Kiso Holdings' joint venture company Chatteris Developments have completed the purchase of the entire share capital of Woodley Hotels (Kensington) for £22.9 million (S$48 million).

Woodley Hotels (Kensington) is the legal and beneficial owner of the 100-room Enterprise Hotel. Following the acquisition, Chatteris is looking to refurbish Enterprise Hotel and raise its number of rooms to 120.

Chatteris is 80 per cent owned by Heeton Holdings Limited.