The proprietor of Village Hotels has picked bankers to spearhead an public sale of one in all Britain’s largest mid-market resort chains.
Sky News understands that KSL Capital Partners is working with Morgan Stanley on an public sale.
Initial discussions with potential patrons are stated to have gotten beneath manner in latest weeks.
The course of comes because the house owners of Center Parcs UK and Travelodge additionally weigh gross sales, with the previous having been working an public sale along side advisers for a number of months.
Village Hotels contains a portfolio of 33 properties from Aberdeen to Bournemouth, with rooms accessible at finances costs.
Founded in 1995 as Village Urban Resorts, the accommodations characteristic pub-style eating places and gymnasiums.
KSL was reported to have paid £485m for the enterprise when it purchased it in 2014 from De Vere Group.
The Denver, Colorado-based buyout agency has additionally owned different UK resort chains together with Hotel du Vin and Malmaison.
Village Hotels is anticipated to attract curiosity from a pool of monetary patrons, though a sale isn’t sure to happen.
KSL couldn’t be reached for touch upon Thursday morning.
Content Source: information.sky.com