Property investor Aprirose races to find purchaser for COVID-hit QHotels | Company Information
1 min readA residence investor which has used hundreds of thousands and thousands of pounds on purchasing hospitality sector belongings is racing to uncover a new owner for QHotels, a collection of 4-star houses positioned throughout the British isles.
Sky News understands that Aprirose, which spent £525m attaining QHotels in 2017, is doing work with advisers at PricewaterhouseCoopers to offload the organization.
Potential bidders are comprehended to include turnaround resources and mainstream personal fairness investors.
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QHotels’ portfolio contains Slaley Hall in Northumberland, The Queens in Leeds, Dunston Hall in Norfolk, and Ashford Global in Kent.
The organization also oversees 4 DoubleTree by Hilton homes, two Delta by Marriott internet sites, and just one Mercure-branded hotel.
The valuation of the enterprise is unclear, whilst a selection of events which experienced appeared at it stated it necessary a significant money injection in the in the vicinity of time period.
In accounts submitted at Companies Dwelling for 2019, directors warned of uncertainty about its means to go on as a heading issue.
Motels across Britain have been strike hard by the coronavirus pandemic, even with many govt aid strategies.
Aprirose, which also owns hundreds of pubs, was started in the 1980s by Mansukh Gudka, its chairman.
A spokeswoman for Aprirose declined to remark on Friday.
