PRESS RELEASE ON “KOP PROPERTIES (UK) LIMITED COMPLETED THE ACQUISITION OF CHARLTON HOUSE HOTEL AND SPA IN THE U.K.”
IMMEDIATE RELEASE
MEDIA RELEASE
KOP PROPERTIES (UK) LIMITED COMPLETED
THE ACQUISITION OF CHARLTON HOUSE HOTEL AND SPA IN THE U.K.
Singapore,
6 March 2023 –
Catalist-listed KOP Limited (“KOPL” or the “Company”, together
with its subsidiaries, the “Group”) announced that on 28 February 2023, its
indirect, wholly-owned subsidiary company, KOP Properties (UK) Limited, has entered
into a purchase agreement with Bannatyne Hotels Limited for the acquisition of
the business including certain of its assets relating to the Charlton House
Hotel and Spa. The acquisition includes
the operations of a hotel, private members’ health and fitness club, beauty
spa, restaurant, function rooms and wedding venue which have been carried on at
Charlton House Hotel and Spa. The hotel
is located at Charlton Road, Shepton Mallet, Somerset, BA4 4PR.
Ms Leny Suparman, Group CEO of KOP Limited, said: “The
acquisition of the Charlton House Hotel and Spa owned by Bannatyne Hotels
Limited will fit into our hospitality portfolio where we provide leisure
experiences to our clients. This
purchase marks our re-entry into the U.K. market.”
Charlton House Hotel and Spa, which sits on 6 acres of
land, is only 15 minutes away from the location of the internationally renowned
Glastonbury Music Festival and just over 2-hour drive from London. The hotel has 28 guest rooms (all en-suite)
and has one Moroccan-themed spa which contains five treatment rooms, a
hydrotherapy pool, an aroma infused laconium sauna, crystal steam room, Finnish
sauna and ice fountain. The hotel’s
facilities include a full service air-conditioned gym with state of the art
machines, classes and training facilities.
The hotel also has a 2AA Rosette Restaurant and Bar,
Maxine’s, a lounge and bar in the drawing room as well as an Orangery that
hosts indoor and outdoor events such as weddings. It comes with sprawling grounds that has a
small apple orchard as well as a tennis court.
Bannatyne Hotels Limited is a private limited company
incorporated in England and Wales and is in the business of operating hotels,
all based in England.
KOPL funded the acquisition through internal cash
resources of the Group. The sale and
purchase of business and certain assets owned by Bannatyne Hotels Limited has
been completed on 3 March 2023.
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About
KOP Limited
Listed on the Catalist board
of the Singapore Securities Trading Limited (“SGX-ST”), KOP Limited (“KOPL” or
the “Company”, together with its subsidiaries, the “Group”) is a
Singapore-based real estate development and entertainment company with a
diversified and robust portfolio of developments and investments in Singapore
as well as the region.
With origins leading back to
KOP Properties Pte. Ltd., the Group has quickly built a reputation as a
developer of niche, iconic and award-winning projects such as The Ritz-Carlton
Residences and Montigo Resorts, Nongsa and Seminyak in Indonesia. KOPL’s
property business covers areas of real estate development, investment and
management services and is built on an integrated business model. Through a
broad range of distinctive and award-winning real estate and hospitality
projects crafted with quality design and workmanship, KOPL provides unique
living and leisure experiences to its clients.
Leveraging on the strategic
synergies between its subsidiaries, KOPL is empowered to expand its core
business of property development and incorporate entertainment elements into
various ventures, adding flavour and character to real estate.
For more information, please contact:
Patsy Phay/Radhika Chandhok
Mileage
Communications Pte Ltd
Tel: 6222 1678
Email:
patsy@mileage.com.sg
/ radhika@mileage.com.sg
www.mileage.com.sg
_________________________________________________________________________________
This press release has been prepared by the Company and
its contents have been reviewed by the Company’s sponsor, RHT Capital Pte. Ltd.
(“Sponsor”), for compliance with the relevant rules of the Singapore Exchange
Securities Trading Limited (“SGX-ST”).
This press release has not been examined or approved by
the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press
release, including the correctness of any of the statements or opinions made or
reports contained in this press release.
The contact person for the Sponsor is Mr. Khong Choun
Mun, Registered Professional, 36 Robinson Road, #10-06 City House, Singapore
068877, sponsor@rhtgoc.com.
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