Newcastle-based hotel and bar operator Cairn Group has announced the acquisition of five hotels across the UK off a guide price of \u00a375m.\r\n\r\n\r\n\r\nThe five properties - in County Durham, Stirling, Harrogate, Cardiff and Brighton - will add a further 665 rooms to the company\u2019s now 3,000-room portfolio, and is believed to be the biggest hotel acquisition by a North East business this year.\r\n\r\nThe deal, which includes Durham\u2019s Redworth Hall Hotel; The Old Ship Hotel in Brighton; The Angel Hotel in Cardiff; The Majestic Hotel in Harrogate; and The Stirling Highland Hotel, means the family-owned business now employs over 3,000 staff. \r\n\r\nCairn Group announced earlier this year that it would undergo a \u201cmajor\u201d acquisition drive after it successfully refinanced \u00a3101m with the help of HSBC. This deal marks the company\u2019s third of the year.\r\n\r\nRichard Warren, the company\u2019s finance director, said the deal is an \u201cincredibly exciting\u201d move for the company, which is continuing to \u201cbreak into new territories and penetrate new customer bases\u201d. \r\n\r\n\u201cEach of the hotels are completely unique and operating successfully. We see huge potential for them within the Cairn Group portfolio as we expand our coverage into new areas,\u201d he said.