ST JAMES’S ACQUIRES 14 UK FORESTDALE HOTELS
St James’s Hotels has acquired a portfolio of 14 hotels across the UK with its purchase this week of Forestdale Hotels for an undisclosed sum. Forestdale, formerly a subsidiary of Akkeron Hotels Group, recently fell into administration. The three-star hotels total 864 guest rooms. “We are very excited to have acquired this portfolio and while it will require significant investment in both time and money, we believe we are well placed to maximise the potential of these well located properties,” said the managing director of St James’s Hotels, Shaun Robinson. “This is the first of a series of acquisitions that we hope to make for St James’s Hotels,” he added.