Theatre sale ends Quinlan’s association with Savoy name

Quinlan Private has ended its association with the Savoy name with the sale of the Savoy Theatre in London for an undisclosed sum.

The new owners of the 1,200-seat theatre are the Ambassador Theatre Group and the Tulbart Group. The acquisition is Ambassador’s eleventh West End venue. 

London’s Savoy hotel was sold to a joint venture made up of Fairmont, Kingdom Hotels and Bank of Scotland Corporate for an estimated £200m last year.

Quinlan itself retained the Berkeley, Claridge’s and Connaught hotels from the four-strong Savoy Group it bought in April 2004, and is running them under the newly created Maybourne banner. 

Derek Quinlan, chairman of Quinlan Private, said: “The Savoy Theatre was not a core property for our investors and we are pleased to have an opportunity to realise further value.”

By Chris Druce

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