The hotel, which was also formerly a Thistle hotel, is located off St Chad’s Queensway, near Birmingham’s Snow Hill train station and Colmore Business District.
SevenCapital plans to completely transform the hotel into a four-star luxury aparthotel, complementing and building on the “success” of its existing four-star Park Regis Hotel, which is also located within the city centre near to Edgbaston at Five Ways.
Damien Siviter, group managing director of SevenCapital said: “The Royal Angus Hotel is a very exciting acquisition for SevenCapital that will allow us to expand our hotel ownership, whilst helping to uphold and further boost the hospitality sector and create jobs within Birmingham.
“This will be especially important in helping to meet and alleviate demand ahead of the upcoming 2022 Commonwealth Games, which will see unprecedented pressure and spotlight put on the city.”
Bal Sohal, chairman of SevenCapital Group added: “SevenCapital remains, first and foremost, committed to supporting and championing Birmingham, the home of our headquarters, as a truly world class city.
“The Park Regis hotel brand has already proven a popular and successful brand with our existing hotel at Five Ways and we fully expect this to build on that success, helping to boost the local economy through tourism, whilst creating much needed, continual employment opportunities for the local community.”
Work is expected to resume shortly with the hope of being complete in around 18 months’ time.