Hays Travel retains real estate advisor for travel agent acquisition
International real estate advisor Savills has been retained by Hays Travel to provide property advice following its acquisition of the Thomas Cook retail store estate.
The instruction follows Savills assisting KPMG on the disposal of the estate, with Hays Travel agreeing terms to acquire all 555 Thomas Cook retail stores.
Cameron Bell, associate director at Savills, comments: “We are absolutely delighted to be partnering with Hays Travel and to be providing ongoing property advice following this significant acquisition. The commitment from Hays Travel shows confidence in the value of bricks and mortar stores and the important role they play in the travel sector, and we look forward to working with them to develop a thriving store portfolio.”
John Hays, founder and Managing Director of Hays Travel, the UK’s largest independent travel agent, said: “We are delighted to have extended our already significant commitment to the High Street right across the UK with a total of 745 stores. We look forward to working in partnership with Savills to establish strong relationships with our new landlords over the coming months.”