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Birmingham Post
Birmingham Post
Business
Jon Robinson

Timpson's property arm buys ski hotel in the French Alps

A ski hotel in France has been acquired by the property arm of retailer Timpson.

Le Tremplin Hotel in Morzine has been snapped up for an undisclosed sum.

The group's Flock Inns business currently includes The Partridge, Stretton, The White Eagle, Rhoscolyn, The Oystercatcher, Maelog Lake, and The Old Hall, Frodsham.

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Timpson is a family-owned group that was founded in 1865. Its brands also include Max Spielmann, Johnsons The Cleaners, Snappy Snaps, Jeeves of Belgravia and The Watch Lab.

The three-star Le Tremplin Hotel was established in 1936 by Jeanne and Gaston Taberlet and was one of the first to be set up at the Morzine resort.

The third generation of the family took over the running of the hotel in 2010.

According to its most recently available accounts, Flock Inns reported a turnover of £4.5m in the period from June 18, 2020, to September 25, 2021, and a pre-tax profit of £540,726.

For the 12 months to September 25, 2021, the Timpson group posted pre-tax profits of £24.5m after reporting losses of £10.7m for the prior year.

The Manchester-headquartered company's turnover also increased from £209.3m to £212.2m.

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