QHotels goes on market for £650m

According to The Times, QHotels has been put up for sale by its private equity owners with an estimated price tag of up to £650m.

Sankaty Advisors and Canyon Capital Advisors have made the decision to seek a buyer only four months after QHotels acquired six golf resorts from De Vere Group for £160m.

Founded in 2003, QHotels currently operated 27 unique four and five-star hotels across the UK . In 2014, QHotels was crowned Hotel Group of the Year in the prestigious AA Hospitality Awards for the second time.