Fragrance Group announces acquisition of The Crown Hotel in the UK

/ EdgeProp
September 5, 2017 5:36 PM SGT
On September 4, Fragrance Group Limited announced that it has acquired The Crown Hotel located at Crown Place, Harrogate, UK, for a purchase consideration of about GBP 7.2 million ($12.6 million).
The property has 115 bedrooms, and extensive conference facilities to cater for weddings and local events. According to Fragrance, the Crown Hotel is centrally located and close to Harrogate’s popular attractions such as the Turkish Baths, Betty’s Tea Rooms, Valley Gardens, and the Victorian shopping arcade. Harrogate Rail Station is a 10-minute walk away.
Additionally, the Group announced it is has incorporated a wholly owned subsidiary in the UK known as Fragrance UK-Harrogate Limited. The company will be a property investment holding company, with a paid-up capital of GBP 1 million.