Moorfield Real Estate Fund has bought 24 hotels from Macdonalds Hotels for around £400m
In a deal announced this morning, Moorfield was has acquired the hotels located across the country, from Windsor to Aberdeen. They vary between three and four stars. In total they provide 2,511 rooms.
Marc Gilbard, chief executive at Moorfield Group said: ‘Moorfield already has exposure and experience in the UK regional hotel market, with its investments in Kew Green Hotels and WA Shearings. This portfolio complements and furthers our investment in opportunities for active management in this sector.’