Four star hotel Slaley Hall has been acquired by affiliates of Boston-based investors Bain Capital, as part of a portfolio of six former De Vere venues.
Bain’s affiliates Sankaty Advisors, LLC (Sankaty) and Canyon Capital Advisors LLC have purchased Slaley and handed management to Q Hotels.
The six venues included in the undisclosed deal are Cameron House, Loch Lomond; Dunston Hall, Norwich; Oulton Hall, Leeds; Mottram Hall, Cheshire; Slaley Hall, Northumberland; and Belton Woods, Lincolnshire.
A press release from Q Hotels, led by managing director Michael Purtill and finance director Ian Goulding, said investment is intended for each of the venues.
Mr Purtill commented: “This is a really positive move that will help drive long-term, sustained growth for the QHotels brand. The six hotels are an excellent fit as they are renowned for their first-rate facilities, catering and service. This aligns with our guest-first ethos and enables us to effectively expand our UK reach.
“We will be working with each hotel on an individual basis to ensure we build on the best of what they have to offer and complementing this with our experience and expertise. This will help to maximise the conference and events potential of each of the hotels, while strengthening our portfolio in terms of a wider golf, spa & leisure offering.”
Last year De Vere confirmed it would sell off its conferencing and venues division to pay down £1.1bn of debt with Lloyds Banking Group.