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Bain Capital Credit and Canyon Capital Advisors acquire six former De Vere Hotels to add to existing QHotels portfolio

November 19, 2014

Media Contacts

  • QHotels
    Weber Shandwick on behalf of QHotels
    +44 (0) 161 238 9400
    [email protected]
  • Bain Capital Credit
    Ed Gascoigne-Pees / Hazel Stevenson
    Camarco on behalf of Bain Capital Credit
    +44 (0) 020 3757 4984
    +44 (0) 020 3757 4989
  • Canyon Partners
    Bill Launder / Zoe Bendes
    Brunswick Group on behalf of Canyon
    +1 212-333-3810
    +1 415-671-7676
    [email protected]

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Leeds, UK November 20, 2014 - QHotels, an award-winning UK luxury hotel group, today announced the addition of six former De Vere Hotels to its portfolio. The additional properties will strengthen QHotels’ brand and nationwide presence, now totalling 27 hotels, and complement its award-winning guest offer with premium golf, spa and leisure facilities. The new hotels were acquired by the owners of QHotels: Bain Capital Credit and Canyon Partners.

The six hotels, located across the UK, include the luxury five-star Cameron House in Loch Lomond and the Elizabethan-style Dunston Hall in picturesque Norfolk. The properties will be managed alongside the existing QHotels portfolio of 21 hotels, led by Managing Director Michael Purtill and Finance Director Ian Goulding.

Michael Purtill commented: “This is a really positive move that will help drive long-term, sustained growth for the QHotels brand. The six hotels are an excellent fit for our portfolio, as they are renowned for their first-rate facilities, catering and guest service. These acquisitions align with our guest-first ethos and will enable us to significantly expand our presence across the UK.”

“We will work closely with each hotel to enhance its guest experience, leveraging our industry expertise. Doing so will maximize the conference and events potential of each hotel, while strengthening our portfolio with a wider golf, spa and leisure offering.”

With investments earmarked for each of the six hotels over the coming months, the hotels will be integrated into the QHotels portfolio.

Michael concluded: “Our first priority is to continue business as usual for the teams and guests, ensuring all booking commitments will be fulfilled. We are evaluating further investments to enhance the hotels and maintain the award-winning QHotels standards which drive our guest satisfaction and loyalty.”

QHotels has added the following hotels to its portfolio:

1. Cameron House, Loch Lomond 2. Dunston Hall, Norwich 3. Oulton Hall, Leeds 4. Mottram Hall, Macclesfield, Cheshire 5. Slaley Hall, Hexham, Northumberland 6. Belton Woods, Grantham, Lincolnshire

About QHotels

QHotels is a UK-based award-winning luxury hotel group. On September 22, QHotels was awarded “AA Hotel Group of the Year 2014,” which recognized the group’s proven track record of offering the very best levels of service, food and accommodation across its range of 21 properties. QHotels was rated the “No. 1 UK Hotel Chain” in 2013 by Independent Watchdog, and for the second year, was awarded “Recommended Provider” status. QHotels also landed three prestigious Venue Verdict Brand Awards, including for “Gold Standard Group,” “No.1 Large Group” and “Event Sales Enquiry Handling.” For more information visit www.QHotels.co.uk.

About Bain Capital Credit

Bain Capital Credit is the independently-managed credit affiliate of Bain Capital, LP and one of the world’s leading private managers of fixed income and credit instruments. Founded in 1998 and now managing more than $24 billion of assets, Bain Capital Credit has an integrated team of 200 people that enables the firm to invest up and down the capital structure, and to conduct rigorous, independent analysis of thousands of corporate issuers. Bain Capital Credit invests in a wide variety of securities and investments globally, including leveraged loans, high-yield bonds, distressed and stressed debt, mezzanine debt, structured products and equities. An employee-owned private partnership, the firm has offices in Boston, New York, Chicago, London, Luxembourg and Melbourne. Bain Capital Credit is registered with the Securities and Exchange Commission and Bain Capital Credit is authorised and regulated by the Financial Conduct Authority. For more information, please visit www.baincapitalcredit.com.

About Canyon Partners

Canyon Partners and its affiliates, including Canyon Capital Advisors, Canyon Capital Realty Advisors and ICE Canyon, are investment management firms and registered investment advisors with $24 billion in assets under management. Canyon Partners seeks to achieve superior, risk-adjusted returns significantly in excess of the debt and equity market indices with substantially lower volatility. The firm was founded in 1990 and is headquartered in Los Angeles, with offices in New York and London. Canyon has been an SEC registered investment advisor since 1994. For more information, visit http://www.canyonpartners.com.

This press release has been updated to reflect the new business unit name, "Bain Capital Credit," which was changed from "Sankaty Advisors."