Oct 12th, 2017
UK's biggest Golf Operator sold
In £525 million deal
QHotels, which owns ten leading golf resorts in England and Scotland, has been bought in a deal worth £525 million.
The UK’s largest golf resort operator has been bought by real estate company Aprirose, funded by international investors including Chinese investor Cindat Capital Management.
QHotels was owned by Bain Capital Credit and Canyon Partners. Its clubs were The Westerwood Hotel & Golf Resort in Scotland, Slaley Hall in Northumberland, Aldwark Manor Golf & Spa Hotel, Forest Pines Hotel & Golf Resort and Oulton Hall in Yorkshire, Mottram Hall in Cheshire, Belton Woods in Lincolnshire, Telford Hotel & Golf Resort in Shropshire, Dunston Hall in Norfolk and Hellidon Lakes Golf & Spa Hotel in Northamptonshire.
Manish Gudka, chief executive at Aprirose, commented: “We are pleased to have completed on this exciting and unique portfolio. This was a complicated deal, which had a lot of interest shown in it from the market, but owing to our investors, contacts and transactional experience we were able to get it done in quick time. The hotels, spread throughout the UK, will add a new dimension to our asset diverse real estate portfolio and also offer us opportunities to further develop the portfolio to increase the number of beds available.”