SanRaj Group has acquired a three-hotel portfolio from Ares Real Estate funds and EQ Group for an undisclosed sum.
The portfolio, acquired through its international hospitality platform Clearsense Ventures, comprises three Accor-branded hotels in Scotland and northern England: the 196-key Novotel Leeds Centre, the 141-key Novotel Glasgow Centre and the 141-key Ibis Glasgow.
All three hotels are operated by EQ Group and will continue to trade under the Accor brand.
The deal is Clearsense’s second hotel acquisition in the UK, following its entry into the British hospitality market earlier this year.
Rajdipkumar Gupta, director at Clearsense Ventures, said: “The portfolio offers a strong combination of scale, brand strength and regional market exposure, which is central to how we evaluate hospitality investments. Assets of this quality, supported by global brands and established operating partners, are well positioned to benefit from sustained demand in key UK cities.
“We believe this acquisition provides a solid foundation for long-term performance as we continue to deploy capital selectively in the UK.”
Sandipkumar Gupta, director at Clearsense Ventures, added: “This acquisition reflects our growing conviction in the UK hospitality sector. Regional UK cities present compelling opportunities, supported by strong operating fundamentals and trusted global brands.”
The hotels were acquired by Ares and EQ as part of a £400m 21-asset deal in May 2024.
“From acquisition to exit in just 18 months, the EQ team, together with Ares, successfully optimised trading performance despite the headwinds facing the UK hotel market in 2024 and 2025,” said Hussein Sunderji, managing director and partner at EQ Group.
“These high-quality assets occupy prime regional locations, and we are confident that SanRaj is the right partner to lead their next phase of growth.”
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