Published: 09:00, 06 October 2017 |
Updated: 10:09, 06 October 2017
Two luxury Kent hotels have been sold to a real estate investment company as part of a multi-million pound deal.
QHotels ran the Bridgewood Manor in Chatham and the Ashford International Hotel, along with 28 others around the UK.
But Aprirose has bought the business from Bain Capital Credit and Canyon Partners for a reported figure of £525 million.
The company’s chief executive Manish Gudka said the deal is part of a plan to boost the real estate portfolio, but said there are plans to develop the hotels.
The portfolio, which includes 3,680 beds across the country, will be managed by Redefine BDL Hotels.
Mr Gudka said: “The 26 hotels, spread throughout the UK, will add a new dimension to our asset diverse real estate portfolio and also offer us opportunities to further develop the portfolio to increase the number of beds available.
“We are pleased to have completed on this exciting and unique portfolio. This was a complicated deal, which had a lot of interest shown in it from the market.
“But owing to our investors, contacts and transactional experience we were able to get it done in quick time.”
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