Aprirose Put Q Hotels Portfolio of 20+ Four-Star UK Hotels Up For Sale

Locations: Good Coverage of the UK from Glasgow in Scotland to Leeds, Crewe, Norfolk, Stratford-upon-Avon to Cambridge

Names: Slaley Hall, The Queens Leeds, Oulton Hall to Cambridge Belfy…full list below

Guide Price: TBA…They Paid £525m for 24 Hotels in 2017, but have sold off some since

No. of Keys: TBA

The Opportunity: In a surprise move this week, Aprirose has appointed PwC to find a buyer for QHotels, a collection of some 20 four-star properties located across the UK.

Prospective bidders are understood to include turnaround funds and mainstream private equity investors.

QHotels’ portfolio includes Slaley Hall in Northumberland, The Queens in Leeds, Dunston Hall in Norfolk, and Ashford International in Kent. Most of the hotels have extensive grounds, Spa and many have golf.

Golf at Telford Hall

The company has branded some of the hotels: Four DoubleTree by Hilton properties, two Delta by Marriott sites, and one Mercure.

The valuation of the business is unclear, although a number of parties which had looked at it said it required a substantial capital injection in the near term.

The company has sold off some prize assets since acquiring the full group in 2017, including the flagship Manchester Midland Hotel, for £115m in October 2018, sold to Pandox. Aprirose, which also owns hundreds of pubs, was founded in the 1980s by Mansukh Gudka, its chairman.

The full list of hotels:

Ashford International, Ashford, Kent

Belton Woods, Lincolnshire

Chesford Grange, Kenilworth

Crewe Hall, Crewe

Dunston Hall, Norwich

Oulton Hall, near Leeds

Norton Park, Winchester

Slaley Hall, Northumberland

Stratford Manor, Stratford-upon-Avon

Telford Hotel & Golf Resort, Telford, Shropshire

Cheltenham Chase, Gloucester (a Delta by Marriott)

Hampshire Court, Basingstoke

Nottingham Belfry, Nottingham (a Delta by Marriott)

Park Royal, Warrington, Cheshire

Queens Hotel, Leeds

Oxford Belfry, Thame (a DoubleTree by Hilton)

Glasgow Westerwood, Scotland (a DoubleTree by Hilton)

The Stratford, Stratford-upon-Avon (a DoubleTree by Hilton)

Cambridge Belfry

Forest Pines, Brigg, Lincolnshire (a DoubleTree by Hilton)

Holland House, Bristol (a Mercure)

Main Picture: Slaley Hall at dusk

Current Owner: Aprirose was the company to follow, having acquired Q hotels, selling off three/four flagships to get a fair amount of it’s £525m outlay back, was sitting pretty….and then came along Covid.

Flag and Management: A brand and sales/operating platform ready and waiting for the new owner

Financials: We assume PwC will have a full pack available

Tenure: Long leasehold in the main, with a ground-rent deal in place…a few freeholds

Agent: PwC

Guide Price: TBA

Date Posted: March 2021

THPT Comment: An opportunity to buy this serious Q Hotels portfolio…would suit an investor looking to enter the hotel market, or the UK hotel market specifically. Please contact THPT for more info.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.