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QHotels has bought Cheltenham QMH

17 January 2006

Four-star hotel operator QHotels has bought the Cheltenham Queens Moat House property for an estimated £19m.

The group will invest a further £3.5m to upgrade the property into a four-star deluxe, 120-bedroom hotel.

It will continue to trade throughout the refurbishment, which is due to complete by the end of 2006.

The deal takes QHotels' portfolio to seven, although it is also about to acquire its first Scottish hotel.

By Jessica Gunn

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Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

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