Jupiter purchases Holiday Inn and Mercure hotels
Jupiter Hotels has added three hotels to achieve a new multi branded portfolio, taking its collection of owned and managed properties from 26, up to 29 across the UK.
The new purchases completed last week, will see all three hotels join Jupiter Hotels’ growing portfolio with immediate effect, remaining under the established Mercure and Holiday Inn brands.
Jupiter Hotels purchased Holiday Inn Darlington and Holiday Inn Dumfries in a move which sees them once again achieve a multi branded property portfolio of mid-market hotels in the UK. The four-star 78-bedroom Mercure Sheffield Parkway Hotel was also purchased by Jupiter Hotels, taking their Mercure branded compendium up to 27 properties in the UK.
Commenting on the recent purchases, CEO of Jupiter Hotels Shane Harris said: “The purchase of these three new hotels is a very positive move for us, representing an increase of over 10% in the size of our portfolio and establishing us once again as a multi brand leader in the midscale hotel segment.
The recent acquisition provides an accurate prediction of what’s to come over the next few years as we continue to invest in strengthening and growing our portfolio. We are well positioned for future growth which is in keeping with the owners vision for the company and we look forward to continuing to propel the business to new heights through further capital investment and portfolio expansion.”
In October 2015, Jupiter Hotels were acquired by the joint venture between Thailand’s Singha Estate, a public real estate company, and FICO Holding, a subsidiary of FICO Group also based in Thailand. The three new hotel purchases announced this week mark the first stage in a bid for Jupiter Hotels to double their portfolio of hotels within a two-year period, a strategy outlined by the new owners following the acquisition.
Holiday Inn Darlington is a convenient modern hotel on the A1 motorway based outside Darlington town centre and 17 miles from Durham Teesside Airport. The property features 80 bedrooms as well as five airy and well-equipped conference rooms, restaurant & bar and a complimentary heath & fitness centre.
Holiday Inn Dumfries is located next door to Easterbrook Hall and a short 10-minute drive from the market town of Dumfries. The hotel features a number of Standard and Executive rooms as well as a collection of Suites, all with modern finishes including power showers and a pillow menu, free Wi-Fi and ample workspaces. The hotel is also well situated for meetings and events, able to host up to 80 delegates in three, flexible air-conditioned meeting rooms.
Mercure Sheffield Parkway is a modern four-star hotel located just four miles from Sheffield city centre. The hotel’s spacious 84 bedrooms come well equipped with free Wi-Fi throughout. The Foundry Restaurant & Bar provides a choice of modern cuisine and extensive meeting and event spaces can cater up to 150 guests at a time.