Eddie and Sol Zakay’s property giant Topland Group announcing their plans for mid-market hotel portfolio in UK. Following the acquisition of Hallmark Hotels and Menzies Hotels in 2013, Topland Group is bringing all twenty properties together under the newly extended Hallmark Hotels brand, starting from this month, September 2015.
Topland group also acquired Feathers Group, earlier this year, a portfolio of eight hotels in the north west of England as part of a investment strategy to expand its growing leisure division. It has now spent £200 million acquiring 28 hotels.
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The Hallmark London Chigwell Prince Regent will be the first hotel to undergo the new look. Topland Group also owns The Feathers Group of Hotels, The Royal Crescent in Bath, five Thistle hotels in London and one in Edinburgh, Hilton Glasgow, Hilton Brighton Metropole, and Ramada London Gateway.
Topland owns and manages 29 hotels with almost 2, 700 rooms, providing accommodation to both business and leisure guests, including internet, golf courses and spas.
Sol Zakay, chairman and chief executive of Topland Group, said: “I am delighted to see the continued growth and development of Topland’s hotel investment with the expansion of The Hallmark Hotel Brand.
“Topland will continue to operate with a mandate to seek out properties of similar quality with the objective of building a £1bn hotel business.”
About the Topland Group
British billionaire brothers Eddie and Sol Zakay who have an estimated net worth of $3.4 billion according to Forbes (May 2015), founded their empire, Topland Group, in late 1980s.
With Sol as chairman and CEO and Eddie as deputy chairman, Topland Group have already acquired assets which includes offices in the the city and West End of London, high street retail, regional shopping centres, private rental sector and hotel chains as the group’s push to build a £1 billion hotel business.
They have invested extensively in real estate, both as buyers of investment properties, as developers and as suppliers of finance to other property developers with a range of structured products to meet their various needs.
The company’s web site does not seem particularly effective and contains the usual PR kinds of items, but it also includes three very significant statements:
The Group has its own significant cash reserves and is therefore well placed to continue with the acquisition of both large corporate deals and property assets, with plans to increase its portfolio significantly in the foreseeable future taking advantage of current market conditions.
According to the company’s website Topland works strategically in partnership with Barclays Natural Resource Investments to co-invest in the natural resources sector. This joint venture has already invested over $1.1bn in 14 business start-ups worldwide.
The Zakys’ Sol and Eddie, continue to search for other viable and profitable business opportunities abroad.
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Zakay Brothers
