Oaktree Capital Management has sold the DoubleTree by Hilton Aberdeen Treetops to 77 Hospitality for an undisclosed sum.
The 120-bedroom property is the second UK acquisition for the hospitality company, headed by Singaporean managing director Mohan Mulani, which also owns the DoubleTree by Hilton Dundee.
Dundee-based 7 Hospitality Management has been appointed to manage the property.
The hotel also has 12 meeting and conference suites with space for up to 800 guests and is the largest hotel event space in the city. The management company will launch its leisure brand 7 Health & Fitness at the property later this year.
Mulani said it was “one of the first steps taken to tactically reposition the hotel and add value to the asset”.
Richard Ellison, director of 7 Hospitality Management, added: “We are delighted to win this contract and confident that despite a tough hotel market in Aberdeen, we can demonstrate our dynamic approach will deliver the owners desired return on investment. We look forward to repositioning the hotel through the various skill sets we offer.”