Global real estate advisor, Colliers International’s Hotels division, has advised Aprirose, a real estate investment platform, on the acquisition of a portfolio of 26 QHotels throughout the UK. The properties have been sold by Bain Capital and Canyon Capital.
The portfolio collectively comprises of 36,800 bedrooms; 26,198 sq m of meeting room space across 238 conference rooms; 24 spas with 18,900 members; 14 golf courses and 3,350 acres of land.
, Director in Colliers International’s Hotels and Resorts Consulting
team, who acted on behalf of Aprirose, commented: “With this deal Aprirose moves from being an occasional buyer of hotel property to a major strategic player in the market. It ends the relatively short holding of Bain and Canyon and passes these well cared for assets to a longer-term ownership structure.
“Hot on the heels of acting for the vendors on the Grosvenor House transaction and acting for the buyers of the Metropole Hilton hotels, in London and Birmingham, this brings to over £1 billion of deals that Colliers has advised on during this summer period, confirming its positon as advisers of choice to discerning buyers and sellers.”
, Director in Colliers International’s Hospitality Asset Management
Division, added, “With the asset management team having joined Colliers long established professional advisors earlier this year, hotel investors are now clearly able to see a full “one stop” service offering from the company. The provision of a wide range of advice in this transaction clearly showed the benefits for the client of this approach. We now look forward to delivering the investors’ expectations through hands on asset management of the portfolio.”
Colliers acts for the buyers doing all of their hotel commercial due diligence and advisory. Eastdil Secured acted on behalf of Bain Capital and Canyon Capital.