STARWOOD CAPITAL ACQUIRES HOLIDAY INN MANCHESTER – CITY CENTRE
Dominvs Group has sold the 298-room Holiday Inn Manchester – City Centre in northwest England to a controlled affiliate of Starwood Capital Group from a guide price of £55 million (£184,600 per room) in an off-market transaction. The hotel will be managed under a franchise agreement by Kew Green Hotels and will keep its Holiday Inn branding. The deal marks Starwood Capital's third investment in Manchester. Dominvs acquired the freehold of the site in 2013 and the hotel opened in April 2016.