Two seafront hotels in Weymouth have been bought out of administration off a guide price of £4.5m by Daish's Holidays.
The 102-bedroom Russell hotel and the 66-bedroom Price Regent hotel were previously owned by Hollybush Hotels, which traded as Martyn Leisure Breaks. Administrators Zolfo Cooper were appointed in October 2013 to the two hotels, along to sister hotels (the Sherborne in Sherborne, Dorset, and Harrisons hotel in Shepperton, Middlesex) and the Sands Bay leisure Resort in Weston-super-Mare, Somerset.
The two Weymouth hotels will join a portfolio of seaside properties owned by Daish's Holidays which include the Claremont, Eastbourne; Sands hotel, Bournemouth; Barrowfield hotel, Newquay; Daish's hotel, Shanklin, Isle of Wight; and Devonshire hotel, Torquay.
George Brown, director of Daish's Holidays' director, told the Dorset Echo: "This is a very exciting time for our company.
"The acquisition of these two properties is central to our plan to continue the steady growth that enables us to remain competitive and successful.
"Weymouth is a fantastic destination which I know our customers will really enjoy."
Daish's Holidays was founded in 1979 with the acquisition of its first hotel in Shanklin. As well as expand its number of hotels, it has also gone on to launch a coach division enabling it to provide package holidays across the south coast of England.