In­vest­ment firm pur­chases ho­tel

Kentish Express Ashford & District - - Retail Update -

Ash­ford’s largest ho­tel has been sold to a real es­tate in­vest­ment com­pany as part of a mul­ti­mil­lion-pound deal.

QHo­tels has run the Ash­ford In­ter­na­tional in Si­mone Weil Av­enue and the Bridge­wood Manor in Chatham along with 28 oth­ers around the UK.

But Aprirose has bought the busi­ness from Bain Cap­i­tal Credit and Canyon Part­ners for a re­ported £525 mil­lion.

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 of 3,680 beds na­tion­ally 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.”

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