Cindat Capital in talks to acquire U.K. hospitality company
China-based Cindat Capital Management is in talks to form a 50-50 joint venture with U.K.-based Aprirose to acquire QHotels Group for $660 million, according to media outlets.
The sellers are Aprirose’s private equity partners Bain Capital Credit and Canyon Partners.
QHotels has a portfolio of 26 hotel properties across the United Kingdom.