Leonardo Hotels has acquired the strategically placed portfolio of Portland Hotels in Scotland.
The deal will increase the company’s presence in Edinburgh, while adding new locations in Glasgow, Perth and Aberdeen.
Portland Hotels will add 536 additional bedrooms across Scotland and will take Leonardo’s presence in Edinburgh to 445 bedrooms joining the Leonardo Royal which was acquired in October last year.
The newly acquired portfolio will join the Leonardo Hotels family and will be integrated into the wider Leonardo portfolio, which will comprise over 80 hotels after the recent acquisition.
Together with Leonardo Hotel London Heathrow Airport, Leonardo’s portfolio in the UK will grow to seven hotels with 1,048 bedrooms.
Daniel Roger, managing director of Leonardo Hotels Europe, said: “When we entered the market in the UK two years ago, we made it our goal to further expand our portfolio and strengthen the name recognition of the Leonardo Hotels brand.
“The purchase of Portland Hotels underscores this.
“I am convinced that our guests will love and appreciate this expansion of our offerings in key destinations across Scotland.”
Leonardo Hotels were advised by JLL Hotels and Hospitality Group as well as West Ridge Asset Management, French Duncan and DLA Piper.
Brodies represented the existing shareholders.