Zetland Capital to acquire Macdonald Manchester Hotel and Macdonald Holyrood Hotel.

Zetland Capital, a London-based private equity firm, agreed to acquire the 338-bedroom Macdonald Manchester Hotel and the 156-bedroom Macdonald Holyrood Hotel. Financial terms were not disclosed. “We are delighted to have acquired these two very well located hotels in prime UK cities. Our strategy is to provide significant investment to refurbish and reposition these hotels. This acquisition aligns with our investment strategy to purchase and invest in well-located hotels across the UK, where we can materially enhance the product offering and benefit from the recovery of demand in the UK’s key cities," Ahmed Hamdani, Zetland Capital Managing Partner at Zetland Capital.