23 May 2016, London: Aprirose, the real estate investment company has acquired Mercure Bristol Holland House Hotel & Spa, bringing the total beds in Aprirose’s portfolio to 2,310.
The hotel, which will be managed by the leading 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 continued hands on involvement in the hotel sector and 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 hotel market remains undersupplied in Bristol. We see the acquisition of Mercure Bristol as a strong addition to our diverse portfolio.”
Andrew Robb, Chief Business Development Officer at RBH, said: “We’re delighted to welcome Mercure to our growing portfolio of international brands, and are looking forward to continuing our partnership with Aprirose. Mercure Bristol Holland House is much-loved by leisure and business travellers alike. It will sit well within our extensive portfolio, and we’re excited to be getting down to business.”
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 popular Bristol spa hotel comprises 275 bedrooms. Its facilities include 12 conference rooms which can accommodate up to 220 delegates on a dedicated events floor, the popular Urban Bar and Kitchen, heated pool, and fitness suite, spa and beauty salon.
Aprirose’s £1.2 billion real estate portfolio already includes 17 hotels.
Aprirose were advised by West Ridge Asset Management and the seller was advised by CBRE Hotels.