LONDON—Royal Gulf Ltd, part of Dubai-based Select Group, has acquired the Radisson Blu Hotel, located in Birmingham, U.K., and managed by Rezidor Hotel Group.
“This acquisition is part of Select Group’s continuing growth plans. Birmingham, as the second largest city of the U.K., is an important market for us. With our resources and expertise, we are confident of being able to improve the hotel’s growth while working closely alongside Radisson management.” stated Colin Wright, chief investment officer for the group.
Last year, the group acquired South Reef, later to be renamed Nottingham One, a £50-million mixed-use development that had been unable to complete construction and later fell into administration. After remaining on hold for many years, construction was restarted post-acquisition and completed by Select Group.
“The decision to acquire Radisson Blu Hotel Birmingham was based on compelling financial rationale, an early mover advantage into a major city and its ability to cater for a broad range of guest needs including leisure and business travelers. With imminent plans almost agreed with Radisson, Select Group will begin to invest and improve the hotel rooms, meeting areas and other features, which will enhance the guest experience. This plan will be rolled out over the next 24 months,” Colin added.
Radisson Blu Hotel Birmingham opened in 2006. It has 39 floors including the residential component. The 211 hotel rooms and suites have been designed by Italian designer Matteo Thun. The hotel features one restaurant, two bars and 10 meeting rooms of various sizes.
Carlson Rezidor Hotel Group has been managing the hotel under the Radisson Blu brand and will continue to do so under the new ownership.
