Search
The Caterer

Ten Hotel Collection properties go on market

15 April 2016 by
Ten Hotel Collection properties go on market

Some of the UK's most iconic regional hotels have gone on the market, including the Imperial in Torquay and the Majestic in Harrogate, with a price tag in excess of £130m.

As reported in The Caterer on 1 March, Lone Star is selling its Hotel Collection portfolio in order to concentrate on the expansion of Amaris Hospitality, the company it founded last year to grow a portfolio of hotels under a number of international brands such as Hilton, Doubletree by Hilton and Hilton Garden Inn from Hitlton Worldwide; Mercure and MGallery from AccorHotels; and Jurys Inn.

The 10 hotels, known as Project Solstice, are to be marketed jointly by Savills and Rothschild.

Comprising 1,433 bedrooms and 111 meeting rooms, with a total revenue of £48m in 2015, the total portfolio includes the Majestic hotel, Harrogate; the Old Ship hotel, Brighton; the Redworth Hall hotel, County Durham; the Imperial hotel, Torquay; the Billesley Manor hotel, Stratford-upon-Avon; the Imperial hotel, Blackpool;the Shrigley Hall Hotel, Golf and Country Club, Macclesfield; the Stirling Highland hotel, Stirling; the Aberdeen Altens hotel, Aberdeen and the Angel Hotel, Cardiff.

Martin Rogers, head of UK hotel transactions at Savills, said: "We are pleased to be bringing this significant collection of hotels to market.

"The distinctive heritage and character of each property has been maintained while generating a robust collective income. The portfolio also offers numerous value-add and asset management opportunities to further enhance the long term revenue."

Hotel Collection group of 10 properties to be sold >>

Amaris Hospitality to undertake £100m rebranding of 21 hotels >>

Amaris Hospitality could be worth £2b following £100m investment >>

Latest video from The Caterer

Looking for a job? See all the current hotel vacancies available with The Caterer Jobs >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

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.