The proprietor of the Loungers bar chain and Poundstretcher, the low cost retailer, is weighing a takeover of two of Britain’s best-known lodge chains.
Cushman & Wakefield (C&W), the industrial property agent, is dealing with the public sale.
The group trades from 37 motels in 27 UK cities, with the portfolio cut up nearly equally between the 2 manufacturers.
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The chains have been by means of a succession of homeowners over the past 20 years, together with the non-public fairness agency KSL Capital Companions.
They’re now owned by Singapore-based Frasers Hospitality Group, which reportedly paid greater than £360m to amass the group in 2015.
A lot of different bidders are additionally stated to be collaborating within the public sale, though the present valuation connected to the enterprise was unclear.
Fortress has been on a shopping for spree in Britain lately, snapping up property together with Majestic Wine.
Earlier this 12 months, the funding agency purchased Loungers for about £350m, whereas it additionally explored a takeover of the grocery store chain Wm Morrison in 2021 earlier than being crushed to a deal by buyout large Clayton Dubilier & Rice.
Fortress declined to remark, whereas C&W has been contacted for remark.
