London—Dentons has advised UK-based real estate investment company Aprirose Limited on its acquisition and the related financing of QHotels group from Bain Capital Credit and Canyon partners for £525 million, representing the largest hotel portfolio acquisition deal in the UK in 2017 so far.

The portfolio includes 26 four- and five-star regional hotels and golf courses across the UK, with a number of them located in cities including Manchester, Leeds and Glasgow. The hotels include the grade II-listed Midland Hotel in Manchester and The Queens Hotel in Leeds.

The acquisition of the QHotel portfolio was funded by Aprirose and its international investors. Aprirose has appointed Redefine|BDL Hotels to manage the portfolio.

Corporate Real Estate and Hotels partner Matthew Tinger, who led on the deal, said, "We are delighted to have advised Aprirose on this transaction – our first for the company. This acquisition helps diversify Aprirose's overall real estate portfolio, and they will be able to develop the portfolio further to help ensure good returns for their investors."

In addition to Matthew Tinger, Real Estate partner Simon Masri, Banking and Finance partner Catherine Astruc, Hotels and Leisure partner Mark Daliere and Sarah Beeby, partner in Employment, advised on the deal. They were supported by Banking and Finance senior associate Olivia Ashurst and associates Harriet Bamford and Jonathan Beech, Real Estate associate Laura Gowing and counsel Chris Foxall, Environment associate Laura Mackett, and Employment senior associate Michelle Lamb, together with a large team of others.

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