Singapore-based Seacare Hospitality has acquired the Best Western Queen’s hotel in Perth for an undisclosed sum.
The 51-room hotel will be managed by Thailand's Compass Hospitality, and will be the group's 16th managed property in the UK.
The Queen's hotel features a bar, restaurant, meeting and events facilities for 160 guests, an on-site gym, swimming pool, steam room and sauna.
The hotel did not reopen after the first national lockdown began in March 2020 and was put up for sale in April 2021 with an asking price of £1.25m.
It is the fourth Best Western hotel to join the Compass Hospitality portfolio since the hospitality management company entered the UK market in 2015.
Harmil Singh, chief executive of Compass Hospitality, said: “Despite the worldwide pandemic and the effects that this has had upon the hospitality industry, we are still seeing opportunity and profitability in the UK market, and are looking optimistically towards our further expansion.”
Compass Hospitality manages and operates a portfolio of 50 properties in the UK and Southeast Asia.