A report in the Times claims the hotel group is in talks to buy ten hotels out of administration. Butterfly Hotels, a 12-strong Birmingham chain, is in the hands of corporate recovery firm Begbies Traynor.
Akkeron’s purchase of 18 Forestdale hotels last month transformed it into one of the UK’s largest regional players with an estate of 26.
Akkeron, which now employs 900 people and has an annual turnover of around £30m, acquired the eight remaining Folio hotels from Mulbourn Hotels – itself a rescue vehicle – after the business was put into administration, signalling its arrival in the sector.
Chris Druce is a contributor to BigHospitality sister title M&C Report