The news comes after the group pulled out of a deal to sell 27 of its properties in a £190m deal that would have helped to pay the majority of the company’s debts.
The group is currently gathering funds to repay £195m of loans from Lloyds Banking Group.
Macdonald Hotels Group deputy chairman, Gordon Fraser, said: “This is a superb deal for the business, which allows us to reduce our borrowings significantly while we progress a number of very positive options for the refinancing of the group.
“The scale of the deal reflects both the long-term performance and enormous potential of these landmark properties and I am confident they are in very good hands.”
AJ Capital Partners’ Graduate Hotels brand, which launched in 2014, currently operates 21 hotels in university towns across the US, including: Athens, Georgia; Ann Arbor, Michigan; Berkeley, California; Providence, Rhode Island, Seattle and Washington. It announced its first UK project, Graduate Cambridge, in July 2019.