Hotels An exciting, fast growing hotel group Topland has a strong track record of investing in the UK hotel sector. Currently, Topland own and manage a varied portfolio of eight hotels with 1,942 bedrooms. Topland's collection consists of: · the iconic Royal Crescent hotel in Bath · seven leased hotels, five in London and one each in Brighton and Glasgow Topland is looking to expand its hotel portfolio and will consider individual acquisitions and portfolios or corporate acquisitions across the UK and Europe. In addition to this Topland is looking for strategic land hotel sites for development. Topland has earned a strong reputation for financing and joint ventures within the hotel sector. In Q1 2019 Topland sold the Hallmark Hotel Portfolio, 26 hotels located throughout the UK from Aberdeen to Bournemouth, formed through the acquisition of Menzies, Hallmark and Feathers portfolios. This was textbook Topland strategy, acquiring an eclectic mix of hotels across the UK, adding value to the business over five years with strong in-house asset management, developing the Hallmark brand and creating the management platform. This strong foundation created continuous approaches from prospective purchasers and a sale concluded in Q1 2019. The Royal Crescent Hotel, Bath In Spring 2012, Topland acquired the Royal Crescent Hotel. This significant and renowned luxury hotel is situated in Bath and occupies the two central buildings of the internationally celebrated Royal Crescent and consists of 45 rooms and suites. The Grade I listed buildings were designed by famous Georgian architect John Wood, and were first occupied in 1775. When the property was bought it was in need of a major refurbishment and Topland has undertaken a multi-million pound extensive renovation of the entire hotel to further enhance the five star luxury experience for guests. www.royalcrescent.co.uk The Brighton Metropole Site, Brighton The Brighton Metropole site illustrates Topland’s pro-active approach to hotel ownership and the Group’s strong asset management skills in maximising value. Topland has owned this landmark Brighton seafront hotel since 2011. In that time it has been single let to Hilton, operating it as a renowned hotel and conferencing facility. With the Hilton lease expiring in December 2021 Topland has sought ways to maximise the future value of the site. After an in depth strategic review a portion of the 3.2 acre site was identified as being surplus to the running of the Metropole. As a result Topland drew up plans for a new 221 bed hotel to be built on that site to complement the existing hotel. This was then pre-let to leading hotel group Dalata on a 35 year lease. Planning consent was obtained successfully and Topland will build out the new hotel with construction starting in January 2022. Alongside this Topland has successfully negotiated a new management agreement with Hilton to continue to manage the Metropole for a further 25 years. As part of the agreement Hilton contribute a substantial sum to a major refurbishment of the hotel to be carried out by Topland, converting the hotel to a Doubletree by Hilton. Completion of all works will be by the end of 2023 whereupon Topland will have successfully created a new long let Dalata Maldron hotel and fully refurbished the famous seafront hotel to create the Doubletree by Hilton under a management agreement for a further 25 years. DISCLAIMER | CONTACT US © COPYRIGHT TOPLAND GROUP HOLDINGS 2018 TAX POLICY