MCAP GLOBAL ACQUIRES DOUBLETREE IN CHESTER

MCAP Global Finance has acquired the DoubleTree by Hilton Hotel & Spa Chester in the UK for an undisclosed sum from Sanguine Hospitality and funds managed by Downing Capital. Valor Hospitality Europe, a newly formed management company, will take on the operation of the 140-room hotel. The property dates back to 1757 and was converted into a hotel in 1982; it was refurbished and rebranded as a DoubleTree by Hilton in 2009.

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