Sanguine sells hotel management business

A US-based hotel operator has bought the hotel management arm of Liverpool-based Sanguine Hospitality.

It marks an entry into the UK market for Interstate Hotels and Resorts, a joint venture between US-based Thayer Lodging Group and China's Jin Jiang Hotels.

The value of the deal was not disclosed.

Sanguine operates 14 hotels including the Hotel Indigo & Marco Pierre Steakhouse Bar & Grill in Liverpool, Holiday Inn Express Hoylake and Doubletree by Hilton Chester. It also has a management contract f... For the full story register now for free or login below...