THE Hotel operator behind Aldwark Manor on the outskirts of York has been acquired in a £525 million deal.

Q Hotels, which also operates Oulton Hall near Leeds, has been bought from its parent company Bain Capital Credit and Canyon Partners by Aprirose.

Located throughout the UK and in major cities including Leeds, Manchester and Glasgow, the portfolio comprises 26 hotels and 3,680 beds, and is made up of a variety of hotels including spa hotels, golf resorts and luxury hotels.

The deal was funded by Aprirose and their roster of international investors, including Chinese investor Cindat Capital Management.

Manish Gudka, chief executive at Aprirose, said: “We are pleased to have completed on this exciting and unique portfolio. The 26 hotels, spread throughout the UK, will add a new dimension to our asset diverse real estate portfolio and also offer us opportunities to further develop the portfolio to increase the number of beds available.”