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The Zetter Group acquired by hotel investor Orca Holding
The Zetter Group has been sold to hospitality investor Orca Holding for an undisclosed sum.
Orca Holding says it has plans to keep the Zetter hotel brands and expand with more properties over time.
The deal includes the Zetter Hotel in Clerkenwell, which opened in 2004 and two Zetter Townhouses in London.
"We are extremely proud of the culture of the Zetter Group, the unique hospitality brands we created and the impact they had on London’s hotel and restaurant scene," said Zetter Group co-founder Michael Benyan.
"This acquisition presents an opportunity for more strategic expansion of the Zetter brand and will benefit from Orca Holding’s global hotel development experience," said Laith Pharon, Chief Executive of Orca Holding.
Pharon sadi it has ‘huge growth and development potential.’
The new parent company is looking at opening locations across London and elsewhere in the UK, as well as key cities in Europe such as Paris, Madrid and Amsterdam.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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