Aprirose acquires Reading Hilton for £28m

Real estate investment company Aprirose has continued its buying spree with the acquisition of the Hilton hotel in Reading for £27.75m.

The UK-based group acquired the 210-bedroom hotel from property investor M&G Real Estate. The purchase follows the group's recent buying spree, including the 73-asset Mitchells & Butlers pub portfolio, and the QHotels portfolio for £525m.

The Hilton also comprises eight meeting rooms, a ballroom and conference area which can host up to 500 people, two restaurants, a gym and a spa.

Gary Jones, chief operating officer at Aprirose, said: "With Reading's excellent connectivity, combined with the soon-to-arrive Crossrail which will further increase the fast and easy access to London, the Hilton hotel was a very attractive asset."

Aprirose was advised by West Ridge Asset Management and M&G Real Estate was advised by JLL.

Aprirose buys QHotels portfolio for £525m >>

Aprirose acquires 73 Mitchells & Butlers pubs >>

Tower Bridge Travelodge hotel sold for £47.1m >>

Aprirose sells 13-strong pub portfolio to BlackRock for £23m >>

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