Village Hotels proprietor to take a look at after nine-year keep

The American non-public fairness backer of Village Hotels is weighing plans to take a look at of the chain practically a decade after shopping for it.

Sky News has learnt that KSL Capital Partners has began drawing up plans for an exit from the funding.

The timing and valuation of any deal had been unclear on Friday.

Village Hotels includes a portfolio of 33 properties from Aberdeen to Bournemouth, with rooms obtainable at price range costs.

Founded in 1995 as Village Urban Resorts, the motels function pub-style eating places and gymnasiums.

KSL was reported to have paid £485m for the enterprise when it purchased it in 2014 from De Vere Group.

The Denver, Colorado-based buyout agency has additionally owned different UK lodge chains together with Hotel du Vin and Malmaison.

One lodge business government stated advisers had been prone to be appointed to supervise a sale within the close to future.

It is anticipated to attract vital curiosity from a pool of economic patrons.

A KSL spokesman declined to remark.