Hotel developer and operator Starboard Hotels has purchased five ibis hotels in the UK from HotelInvest parent company Accor, as part of a roughly $35-million portfolio sale of seven properties. The five hotels, in Gatwick, Plymouth, Birmingham Bordesley Circus, Sheffield and Leicester, total 469 rooms, and will be operated by Starboard under the ibis franchise for a further 20 years as part of the agreement.
Following the acquisition, Starboard will undertake a multimillion-dollar refurbishment program, including the implementation of the Accor Avanzi Concept, which "creates an inviting public space where guests can relax, socialise and work, making use of bold designs, natural materials, bright colors and attractive lighting."
Starboard Hotels’ managing director, Paul Callingham, said: "These five hotels provided us with a great opportunity to double the size of our portfolio and take on a group of established properties that have excellent trading records and great people. With our operating and development experience we will build on this to take the hotels to the next level. We look forward to working in partnership with Accor to operate the hotels successfully for many years to come. We have had a busy first half of 2015 and we continue to look for strategic growth through the acquisition of trading hotels in the UK."
This latest acquisition represents the third purchase for Starboard Hotels in 2015, following the purchase of the Best Western Blackpool and Holiday Inn Express Greenock earlier in the year. It takes the Starboard portfolio to 10 properties across four brands and a total of just under 1,000 rooms.