The story
Founded by Ken McCulloch.1
Malmaison was founded by Scottish hotelier Ken McCulloch in 1994 in collaboration with hotel group Arcadian International. The first hotel opened in Leith are of Edinburgh, with a second opening in Glasgow a month later. The chain is named after the Château de Malmaison located in Rueil-Malmaison on the outskirts of Paris, which inspired the design and style found within its hotels.
Malmaison owner MWB Group went into administration in November 2012. US private equity firm KSL Capital Partners purchased Malmaison for an estimated £180 million in March 2013. Under KSL ownership a hotel was opened in Dundee.
In May 2014 Malmaison stopped serving foie gras in their hotel restaurants, after a campaign by animal rights group PETA.
In January 2015, under guidance from investment bank UBS, KSL sought prospective buyers for Malmaison and the Hotel du Vin chain (HDV). Private equity firms Terra Firma Capital Partners and TDR Capital were identified by Sky News in March 2015 as being two of three bidders for the chain. Four months later, in June 2015, the chain along with Hotel du Vin was sold to Frasers Hospitality of Frasers Property Group for £363.4 million.
From Wikipedia’s article on Malmaison (hotel chain), shared under CC BY-SA 4.0.4
