Member Article

Chester’s DoubleTree by Hilton Hotel acquired by global investors

The DoubleTree by Hilton Hotel and Spa Chester has been acquired for an undisclosed sum by investment vehicles affiliated with MCAP Global Finance Ltd (“MCAP”) in a deal brokered by the specialist hotels team of real estate advisors Colliers International.

The acquisition of the four star hotel on the outskirts of Chester is the latest strategic investment in the UK leisure sector following the purchaser’s acquisition of 11 Queens Moat Houses hotels branded as Crowne Plaza and Holiday Inn in the summer of 2014.

Following completion of the deal, The DoubleTree by Hilton Hotel and Spa Chester will be operated and managed by newly formed management company Valor Hospitality Europe.

The hotel has traded strongly in recent years and has the potential for further growth.

Head of UK Hotels - Agency at Colliers International, Julian Troup said: “The DoubleTree by Hilton Hotel and Spa Chester is one of the North West of England’s leading luxury hotels with outstanding facilities and represents an ideal and strategic addition to the buyers growing portfolio of select UK hotels.

“Our instructions were to handle the sale in a confidential fashion and the opportunity attracted UK and International interest.

“The transaction demonstrates the increasing demand for high quality provincial UK hotel assets from a multitude of different types of buyers”.

This was posted in Bdaily's Members' News section by Sophia Taha .