Aprirose has completed the purchase of the ground rents of three hotels in the UK from Lloyds Pension Fund
The real estate investment company has acquired the ground rents of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire.
The hotels are part of the QHotels portfolio, a portfolio which comprises 20 assets across the UK and is owned by a joint venture partnership between Aprirose and Beijing-based international private equity firm Cindat Capital Management.
Why it matters
This signals ongoing interest and confidence in the hotel and leisure sector as a viable and profitable avenue for investment despite current challenges.
What they said
Manish Gudka, CEO of Aprirose said: “We are pleased to have acquired the ground rents to these three hotels. The location and quality of these assets provide us with confidence in their long-term income generating capabilities and value. The hotel and leisure sector remains an important focus for our business, and we are actively pursuing a number of similar opportunities. As a well-established asset class, we believe ground rents provide an attractive and robust revenue stream.”