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.
International Hotel Group Limited is looking to become a GBP200m net asset value property company in the next three years.
Redefine BDL plans to have 100 hotels in its management portfolio in 2 years' time strengthening its position as the largest hotel manager in the UK.
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