17/04/2018 - 15:07

Miss Maud Hotel sold to Stockholm Hotel Management

17/04/2018 - 15:07

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Miss Maud’s Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.

Miss Maud Hotel sold to Stockholm Hotel Management
The hotel's asking price was reportedly $10 million.

Miss Maud’s Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.

South Perth-based Stockholm was registered with the Australian Securities and Investments Commission in November.

The 52-room, 2,740 square metre hotel was put up for sale in August last year at an asking price reported to be around $10 million, although the value of today's sale was undisclosed.

The hotel has a possible 7.5:1 plot ratio, which controls the floor area that a developer can build on a parcel of land, if Stockholm Hotel Management wishes to develop the site.

Miss Maud managing director Maud Edmiston said hotel employees were notified of the transfer of ownership in February, but that everything will be identical after the sale.

“I’m delighted to say that everything will be the same for customers and staff,” Mrs Edmiston said.

“It will be a seamless transition with Claus Paulus the general manager of more than 35 years continuing to manage the Miss Maud Hotel and Restaurant and the same friendly faces there to welcome customers old and new.”

Mrs Edmiston said the funds from the sale of the hotel would support the expansion of Miss Maud’s pastry houses.

There are currently 17 pastry houses across the Perth metro area, with the next one scheduled to open in Rockingham Shopping Centre on May 29.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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