Five former QHotels executive team members have joined forces once again to launch a new hospitality management company.
The team, comprising of co-founders Michael Purtill and Ian Goulding, Vivien Sirotkin, Chris Gaines, and Nichola Roskell have launched Inspiring Hospitality Management Limited (IHM) into the market.
All five left the 26-strong QHotels portfolio in late 2017, following the completion of its sale to real estate investment company Aprirose from Bain Capital Credit and Canyon Partners for £525m.
The deal was the largest UK hotel sale completed to date.
During their time with QHotels, the brand won AA Hotel Group of The Year twice, M&IT Gold Award for Best Meeting Product and Venue Verdict, plus the accolade for Best Large Hotel Group.
Michael Purtill co-founded the company with two colleagues from Paramount Hotels, sales director David Taylor and financial director Ian Goulding, backed by private equity company Alchemy Partners in 2003.
Now Purtill has teamed up with Goulding once again to launch IHM, along with his three other former colleagues.
Inspiring Hospitality Management will provide guidance, advice and bespoke management services to investors, owners and operators to help add value, accelerate change and improve performance.
Purtill says that the new company’s specialty will be ‘complex businesses’, including full service and resort operations.
He explains: “We know that maintaining and enhancing margins will be a key challenge for operators in 2018. The IHM Partners have run several successful UK hospitality businesses and in total operated over 40 hotels and resorts and always outperformed the marketplace in terms of EBITDA per available room. In our experience, commerciality combined with quality but efficient service delivery and the development of exceptionally strong, engaged and committed hospitality teams will always maximise sustainable EBITDA. We’re very proud of what we’ve achieved historically, but still have a real passion for this fantastic industry.”