Redefine International acquires shares in International Hotel Group Limited

Posted On Thursday, 15 October 2015 14:11 Published by
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Redefine International, the FTSE 250 income focused UK Real Estate Investment Trust, announces that it is has acquired a 25.35% shareholding in the International Hotel Group Limited for c. £3.8million.

Mike Watters Redefine International

IHGL is a hotel and leisure focused property investment company which owns three hotels in the UK and is listed on the Euro MTF Market of the LuxSE and the AltX of the JSE (JSE share code: IHL).

Commenting, CEO Mike Watters said: “This investment in IHGL is part of our overall hotel investment strategy, which includes our 25% holding in the Redefine BDL Hotel Group, the UK’s leading independent hotel management company.

“We expect IHGL to grow into a significant hotel investment vehicle over the medium term and look forward to superior risk adjusted returns being achieved by its highly rated management team.”

Last modified on Thursday, 15 October 2015 14:34

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