Gatwick hotel sold in 32 million Euro deal

L13-373 Ibis hotel, Airport way, Luton, stuck in lift.'Connie Primmer'JR 13'26.3.13 ENGPNL00120130326142753

L13-373 Ibis hotel, Airport way, Luton, stuck in lift.'Connie Primmer'JR 13'26.3.13 ENGPNL00120130326142753

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Starboard Hotels has bought five ibis UK hotels including Gatwick from HotelInvest parent company Accor, as part of a 32 million Euro sale of seven properties.

The five hotels, in Gatwick, Plymouth, Birmingham Bordesley Circus, Sheffield, and Leicester, with a total of 469 bedrooms, will be operated by Starboard under the ibis franchise for a further 20 years as part of the agreement.

Starboard said it would undertake a multi-million pound refurbishment programme.

Starboard Hotels’ managing director, Paul Callingham, said: “These five hotels provide us with a great opportunity to double the size of our portfolio and take on a group of established properties that have excellent trading records and great people. With our operating and development experience we will build on this to take the hotels to the next level.”