The management arm of the hotel development and ownership company Sanguine Hospitality has been acquired by the US-based global hotel management business Interstate Hotels & Resorts.
Interstate will take over the management of 10 hotels across the UK, including properties under Hotel Indigo, Holiday Inn Express, Hilton, DoubleTree by Hilton, Hampton by Hilton and Days Inn brands, with some featuring branded Marco Pierre White Steakhouse Bar & Grill and Frankie's New York Italian Bar & Grill restaurants.
In total, the 14 hotels comprise more than 1,900 bedrooms. With the new hotels on board, Interstate now manages 51 hotels across Europe.
Jim Abrahamson, chief executive of Interstate Hotels & Resorts, said he was looking forward to the new alliance with the "exceptional teams" behind Sanguine.
"This relationship strategically positions Interstate for abundant future growth and opportunities throughout the region, and our global operating experience paired with long-standing, beneficial relationships with top international brands promise a successful future between Interstate and Sanguine," he added.
Interstate will manage its new UK portfolio under long-term contracts, with dedicated, UK-based full-service operations, sales, finance, development, human resources and food and beverage services.
Simon Matthews-Williams, chairman of Sanguine Hospitality, said the new relationship with Interstate put the company on a new level, providing a platform for further growth. "From our initial meetings, it was clear that Interstate identified Sanguine as a progressive, successful and ambitious business," he explained. "We are confident that this is the right move at the right time, not just for the business, but also for our excellent staff and loyal customers across our portfolio."
Launched in 2005 by Matthews-Williams, Sanguine Hospitality intends to continue the development side of its business under managing director Nick Taplin. It has plans for future developments in Newcastle, Glasgow and London.
Interstate Hotels & Resorts is a 50/50 joint venture between subsidiaries of Thayer Lodging Group and Jin Jiang Hotels. It currently manages 344 hotels with more than 65,000 rooms in North America, Europe and the Asia-Pacific region, including six wholly owned hotels, and has agreed to manage a further 45 hotels under development.
The UK hotels that will now be managed by Interstate are: DoubleTree by Hilton Chester, DoubleTree by Hilton Bristol, Hampton by Hilton Birmingham, Holiday Inn Express Hoylake, Hotel Indigo Birmingham, Hotel Indigo Liverpool, Hotel Indigo Newcastle, Days Inn Liverpool and Days Hotel Chester North. Meanwhile, the hotels under development are Hampton by Hilton Sheffield, Hilton Ageas Bowl Southampton, Hampton by Hilton Exeter, Doubletree by Hilton Liverpool and Holiday Inn Express Birmingham.