The firm now has 38 Holiday Inns in its portfolio, all in the UK. The latest acquisitions are located in ‘prominent’ cities and commercial centres.
They will continue to operate as Holiday Inn hotels under a new franchise agreement, but will all undergo extensive refurbishment over the next few years.
Paul Johnson, founder and CEO of Kew Green, said: “This is an exciting acquisition for us which will enlarge our portfolio to 53 hotels with almost 6,700 bedrooms in total. These new hotels will all benefit from a comprehensive refurbishment programme to ensure they remain ‘Great Hotels Guests Love’.
“We have an excellent talent pool in our group and this acquisition will provide further career development opportunities for all our employees, both in the hotels and the central support team.”
Nick O’Keeffe, Kew Green’s director of business development, added:‘We remain focused on further opportunities to strategically grow the company through acquisitions and new management contracts across the UK.”
Christie & Co advised the seller and Savills advised the buyer.