The American private equity backer of Village Hotels is weighing plans to check out of the chain nearly a decade after buying it.
Sky News has learnt that KSL Capital Partners has started drawing up plans for an exit from the investment.Village Hotels comprises a portfolio of 33 properties from Aberdeen to Bournemouth, with rooms available at budget prices.KSL was reported to have paid £485m for the business when it bought it in 2014 from De Vere Group.
The Denver, Colorado-based buyout firm has also owned other UK hotel chains including Hotel du Vin and Malmaison.
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