Real estate investor Aprirose has bought the Mercure Bristol Holland House Hotel & Spa for £45m, bringing the total bedrooms in its portfolio to 2,310.
The hotel was part of a portfolio of eight Mercure hotels that were put up for sale in February this year by Lone Star’s Amaris Hospitality.
The hotel, which will be managed by independent hotel management company, Redefine|BDL (RBH), represents the continuing partnership between the two companies, which was forged with the opening of Hampton by Hilton London Docklands last month.
Gary Jones, chief operating officer at Aprirose, said: “The recent acquisition of Mercure Bristol marks Aprirose’s second collaboration with RBH to oversee the operational and management running of the hotel. This asset is a great investment for our investors as the Bristol hotel market remains undersupplied.”
Andrew Robb, chief business development officer at RBH, added: “Mercure Bristol Holland House is much-loved by leisure and business travellers.”
The four-star hotel is Aprirose’s first Mercure property, and it is the first of this brand to join RBH, whose portfolio of more than 45 hotels includes branded hotels by IHG, Hilton, Accor, Marriott and Wyndham Hotels – as well as private label properties.
Located at the heart of Bristol’s business district and just moments from the harbour side, the Bristol spa hotel comprises 275 bedrooms. Its facilities include 12 conference rooms that can accommodate up to 220 delegates on a dedicated events floor, the Urban Bar and Kitchen, heated pool, and fitness suite, spa and beauty salon.
Aprirose’s £1.2bn real estate portfolio includes 17 hotels.
Aprirose was advised by West Ridge Asset Management; the vendor was advised by CBRE Hotels
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