Real estate investment company Aprirose has purchased the ground rent of three UK hotels which are part of the QHotels portfolio.
The company has acquired the ground rent of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire from Lloyds Pension Fund.
The QHotels portfolio is owned by a joint venture partnership between Aprirose and Beijing-based international private equity firm Cindat Capital Management.
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.”
