Main Photo: The Milton Keynes Hotel
Date: April 2019
Location: Kents Hill, Milton Keynes, Buckinghamshire, UK
Name: Was The Hilton, then the MK/Milton Keynes Hotel and now to be rebranded
No. of Keys: 138
Seller: The acquisition comes 14 months after the property was acquired by the American private investment company Starwood Capital Group, as part of a seven-strong portfolio of Hilton hotels for £135m.
Buyer: Branded hotels operator Bowling Green Asset Management (BGAM).
The purpose built hotel features conference and function rooms, with the largest holding 300 guests, a bar and lounge, 120 cover restaurant and leisure facilities including a gym.
The business sees trade from both leisure and business guests with a strong commercial presence in the area and famous visitor attractions, including Stadium MK, Silverstone Racetrack and Bletchley Park.
Jamie Levy, director at BGAM, said: “BGAM are delighted to confirm the purchase of our fifth hotel, the MK Hotel, Milton Keynes. We see a lot of growth potential in the hotel and area as a whole and the hotel will benefit immediately from re-branding and major rolling refurbishment programme.”
The hotel is the third to be acquired by BGAM in the last 12 months and now sits alongside four sister properties: Holiday Inn, Kenilworth; Holiday Inn, Stonehenge; Holiday Inn Express, Kenilworth; and Tankersley Manor, near Sheffield, South Yorkshire.
Alex Campbell, director at Christie and Co, who handled the sale, added: “We received strong interest in the hotel as it represents a superb opportunity to re-brand and re-position the hotel within the Milton Keynes market. BGAM will undertake a refurbishment of the hotel and it will fit perfectly into their expanding portfolio.”
THPT Comment: Confusing…there appears to be two MK Hotels, this one and the MK at Deanshanger 11 miles away! Either way soon to be resolved as BGAM are working on a new brand for their five hotels. Milton Keynes and the area is HOT right now!
First Seen: HotelOwner
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