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Akkeron hotels aim at 150 properties in the UK

Akkeron Hotels is a new hotel group formed following the purchase of 8 former Folio hotels. The group intends to build up a portfolio of up to 150 regional hotels across the UK, and will own, lease and manage contracts. James Brent, chairman of Akkeron, said: “The regional UK hotel market provides a real opportunity for a company such as ours which combines access to equity and debt finance, and management expertise and integrity. Akkeron Hotels has been set up to capitalise on current market conditions in the sector and the agreement with Folio has enabled us to synthesise Folio’s first class management team with our financial/financing expertise. The properties are aimed at a four-star market with a 60:40 mix of business and leisure guests.Country Inn 97 and Garden Inn 99th.

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