Real estate investment company Aprirose has acquired the 275-bedroom Mercure Bristol Holland House hotel and spa for a reported £45m.
The four-star hotel is Aprirose's first Mercure property. Aprirose was advised by West Ridge Asset Management and the seller was advised by CBRE Hotels.
The hotel will be managed by independent hotel management company Redefine BDL (RBH).
RBH currently looks after Hampton by Hilton London Docklands, which Aprirose acquired for £35m last month.
Gary Jones, chief operating officer at Aprirose, said: "The recent acquisition of Mercure Bristol marks Aprirose's continued hands on involvement in the hotel sector and second collaboration with RBH to oversee the operational and management running of the hotel. This asset is a great investment for our investors as the hotel market remains undersupplied in Bristol. We see the acquisition of Mercure Bristol as a strong addition to our diverse portfolio."
Andrew Robb, chief business development officer at RBH, said: "We're delighted to welcome Mercure to our growing portfolio of international brands, and are looking forward to continuing our partnership with Aprirose. Mercure Bristol Holland House is much-loved by leisure and business travellers alike. It will sit well within our extensive portfolio, and we're excited to be getting down to business."
Aprirose's real estate portfolio includes 17 hotels and over 2,000 rooms.
RBH oversees management for over 45 hotels including hotels by IHG, Hilton, Accor, Marriott and Wyndham hotels, as well as private label properties