Brewer Young’s has acquired two hotels in the South East for a combined purchase price of £11.6m.
The Bridge and The Park were sold by Galleon Hotels, represented by Savills, and take Young’s hotel count up to 25, with the move helping to strengthen the brand’s position in the region.
The three-star Bridge Hotel is home to 51 bedrooms and is situated on the edge of the River Thames, in Chertsey, Surrey.
The three-star Park Hotel in Teddington, has a total of 43 bedrooms, alongside The Park Restaurant & Bar.
The sale of both hotels now leaves Galleon Hotels with just two properties in its portfolio; The Thames Riviera Hotel and The Olde Bell in Hurley.
Martin Rogers, head of UK transactions at Savills Hotels, comments: “We are pleased to have secured new owners for these two well located south east hotels. Both are in close proximity to numerous tourist attractions and are ideally located for travel into central London. The south east hotel market continues to perform well as investors are attracted by the well located assets and high levels of demand for rooms from tourists.”