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.