Singapore-based Frasers Hospitality has completed its acquisition of the Malmaison Hotel du Vin (MHDV) portfolio in the UK for a consideration of £363.4 million (approximately £174,500 per room) from an affiliate of US-based private equity firm KSL Capital Partners. The MHDV chain comprises 29 boutique lifestyle hotels (2,082 rooms) across two brands (13 Malmaison properties and 16 Hotel du Vin assets). The deal sees Frasers double its presence in Europe to around 4,000 rooms. The group currently operates 129 properties (around 21,100 rooms) across 77 cities in Europe, Asia Pacific and the Middle East.