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QHotels on the market for £650m

27 March 2015 by

The 27-strong QHotels group has been put on the market for £650m.

The sale comes four months after the hotel group bought De Vere Hotels, which included the five-AA-star Cameron House, on Loch Lomond.

According to reports in The Times, QHotels' private equity owners are now seeking a buyer for the collection of hotels.

Sankaty Advisors and Canyon Capital Advisors bought QHotels last year and took on its £370m debt.

QHotels was founded in 2003 by Michael Purtill as Quintessential Hotels. It now comprises 27 properties, including the Midland in Manchester and Slaley Hall in Northumberland.

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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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