Aprirose acquires De Vere Theobalds Estate hotel for £24.2m

17 December 2018 by
Aprirose acquires De Vere Theobalds Estate hotel for £24.2m

Aprirose has acquired the De Vere Theobalds Estate hotel for £24.2m from De Vere Hotels, owned by Starwood Capital.

The American private investment firm is looking to sell off its De Vere properties following its sale of its Principal portfolio to French investor Covivio earlier this year.

The Grade II-listed, 140-bedroom property in Cheshunt, Hertfordshire was built in 1763 before becoming a hotel in the 1990s.

Manish Gudka, chief executive of Aprirose, said: "Our hotel business continues to go from strength to strength. We're continually looking for assets that we believe will flourish in our portfolio. Under the leadership of our hotel team we are developing market leading hotels in this thriving sector."

The real estate investment company also owns the 26-strong QHotels portfolio of hotels, which it acquired for £525m last year, and the 275-bedroom Mercure Bristol Holland House Hotel & Spa.

Principal Hotel Company to make £200m from 20 hotel disposals >>

Aprirose buys QHotels portfolio for £525m >>

Aprirose appoints Tim Shearman as CEO of hotels >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking