The deal was completed on 25 April, and the name of the buyer was also kept from the media. It comes a year after the group put the property up for sale but said it was “not under any pressure to undertake a disposal”.
Following the sale, the group owns the Village Urban Resorts brand, comprising 25 properties, and a portfolio of golf resorts scheduled to be put up for sale later this year.
De Vere Venues wasacquired by private investment firm Starwood Capital last month for £232m. The deal was supported by Royal Bank of Scotland and Barclays Bank and included 23 owned and leased hotels, mostly located in Greater London.