By Jonathan Davies
Two Asian hospitality firms have purchased a Cardiff hotel co-owned by actor John Malkovich.
Cardiff's 81-room Big Sleep Hotel, and its Cheltenham and Eastbourne locations, have been bought Compass Hospitality and Seacare Hospitality.
The hotel was opened by John Malkovich in 1999. He was persuaded to invest in Big Sleep by his friend and former neighbour, founder Cosmo Fry.
Compass Hospitality’s president and CEO, Harmil Singh said: “We are very pleased with the portfolio acquisition of these three well located and profitable hotels. We will continue to seek out acquisitions and opportunities to grow our presence in the UK.”
Matthew Welbourn, executive vice president of UK operations, added: “Our existing two hotels in Shrewsbury and Halifax have achieved significant performance improvements due to the well established distribution network at Compass Hospitality.
"We are confident that similar improvements will be achieved for these additional three hotels.”