QHotels portfolio brought to market

UK: Aprirose has appointed PwC to seek a potential buyer for the QHotels collection, which comprises 20 four-star properties across the United Kingdom.

Property investor Aprirose spent £525 million acquiring the QHotels portfolio in 2017. Since then, a number of individual assets have been sold, including the flagship Manchester Midland Hotel to Pandox for £115 million.

The QHotels collection includes:

• Ashford International, Ashford, Kent

• Belton Woods, Lincolnshire

• Chesford Grange, Kenilworth

• Crewe Hall, Crewe

• Dunston Hall, Norwich

• Oulton Hall, near Leeds

• Norton Park, Winchester

• Slaley Hall, Northumberland

• Stratford Manor, Stratford-upon-Avon

• Telford Hotel & Golf Resort, Telford, Shropshire

• Cheltenham Chase, Gloucester (a Delta by Marriott)

• Hampshire Court, Basingstoke

• Nottingham Belfry, Nottingham (a Delta by Marriott)

• Park Royal, Warrington, Cheshire

Queens Hotel, Leeds

• Oxford Belfry, Thame (a DoubleTree by Hilton)

• Glasgow Westerwood, Scotland (a DoubleTree by Hilton)

• The Stratford, Stratford-upon-Avon (a DoubleTree by Hilton)

• Cambridge Belfry

• Forest Pines, Brigg, Lincolnshire (a DoubleTree by Hilton)

• Holland House, Bristol (a Mercure)

Most of the hotels have extensive grounds, a spa, and many have a golf course.

The valuation of the business is said to be unclear, with several interested parties reporting that investment required a substantial capital injection in the new term, according to Sky News.

Prospective bidders are understood to include turnaround funds and private equity investors.

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