Surya Hotels acquires four Dragonfly hotels for almost £10m

07 January 2016 by
Surya Hotels acquires four Dragonfly hotels for almost £10m

Surya Hotels has purchased four Dragonfly Hotels off the guide price of almost £10m, six months after RBS decided to dispose of the properties.

Surya's portfolio has now increased to 11 hotels across the UK with the acquisition of the 50-room King's Lynn hotel, the 50-room Colchester hotel (pictured), the 71-room Bury St Edmunds hotel and the 70-room Peterborough hotel.

The four properties purchased by Surya will remain under the Dragonfly brand, with no staff changes.

Other properties within the Surya portfolio include Great Hallingbury Manor, near Stansted; the Kingscliff hotel, Essex; the Duke's Head in Norfolk and the Mill hotel in Suffolk.

Suki Dulai, managing director of Surya Hotels said: "The Dragonfly portfolio is a great fit for our brand - which is all about delivering quality facilities at fantastic prices in the heart of stunning villages, towns and thriving local communities.We are delighted to have successfully acquired four wonderfully situated venues in East Anglia to add to our already impressive line-up in the area. All four hotels will undergo extensive refurbishment to bring them up to the standards of others within our group."

Surya Hotels is part of Flying Trade Group, which is also behind Surya Foods.

RBS to dispose of £14m Dragonfly Hotel portfolio >>

Surya Hotels acquires historic George hotel in Colchester >>

Great Hallingbury Manor sold to Surya Hotels >>

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