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Deal signed for nine UK properties

Rezidor SAS Hospitality is to take over the management of nine UK properties to be operated under the Park Inn brand. The portfolio, previously part of the Queens Moat House Group and being sold by Goldman Sachs and Westmont Hospitality, will be operated under long-term agreements with Jefferson Hotel LLP, as the new owners.
The nine hotels will give Park Inn extensive coverage across the UK, including the greater M25, the Midlands and Rezidor SAS’s first property in Wales. The new portfolio totals 1,196 bedrooms across hotels located in Nottingham , West Bromwich, Bedford, Telford, Lakeside, Northampton, Cardiff, Harlow and Watford.

All properties will have a restaurant and bar, conference facilities and a health club. The majority are at major motorway junctions and close to a business park. Rezidor SAS plans to renovate and upgrade the current product for approximately 15 million pounds over the next two years, bringing them in line with the Park Inn brand.