The Hotel Collection, owned by private equity firm Lone Star, is selling a portfolio of 10 regional UK hotels known as Project Solstice for more than £130 million.
The 10 hotels in the Collection have a combined total of 1,433 rooms. In England, the 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 and The Shrigley Hall Hotel, Golf and Country Club, Macclesfield. The Stirling Highland Hotel, Stirling and The Aberdeen Altens Hotel, Aberdeen, represent the Collection's Scottish selection, while the Angel Hotel in Cardiff (pictured) is the lone Welsh property.
The portfolio reportedly generated total revenues of £48 million in 2015. It is not currently clear if prospective buyers will be able to buy the venues separately or they will be required to buy all 10 together, but one source suggested that the properties could be sold off in "mini-clusters."
The sale is being represented jointly by Savills and Rothschild.