Hotels

Talash Hotels Group brings nine hotels to market

The Talash Hotels Group has appointed real estate and investment managers, JLL, to sell a portfolio of nine regional hotels for offers in excess of £29.5m.

The portfolio consists of a total of 661 bedrooms and all the hotels will be offered free from management, with hotels primarily located in the midlands and north west of England and include the groups flagship hotel, Stoke Rochford Hall, Lincolnshire.

Four of the hotels are operated subject to the benefit of franchise agreements with Accor Hotels under their Mercure brand, which is a midscale brand of 3 or 4-star hotels, operating a total of 812 hotels across 62 countries. 

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The portfolio of hotels include: Mercure Birmingham North Baron’s Court, Mercure Chester North Woodhey House, Mercure Warwick Honiley Court and Mercure Wigan Oak. 

Talash Hotels Group is owned by brothers and business partners Sanjay and Ravi Kathuria, and acquired their first hotel back in 2007.

Ravi Kathuria, CEO, Talash Hotels, said: “The Talash Hotel Portfolio is a business that has been built up by myself and my brother Sanjay over the last 12 years and it has truly been a privilege to own such great hotels which have created an incredible journey. 

“We have decided to continue to pursue our other business interests. Our hotels give an incoming buyer a value-add opportunity and are ready to be taken to the next platform to realise their full potential.”

Gavin Wright, director, JLL Hotels and Hospitality, added: “We are delighted to present to the market Talash Group’s portfolio of hotels. All nine properties provide an incoming purchaser a variety of asset management and significant value-add opportunities. 

“With a value of circa £45,000 per bedroom for the portfolio we anticipate high levels of interest from a range of domestic and overseas investors.”

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