ibis Coventry Centre Acquired by Cannock Investments and Hetherley Capital Partners


Accor has completed the sale and franchise back of the ibis Coventry Centre for an undisclosed amount to Cannock Investments and Hetherley Capital Partners. The purpose built hotel comprises 89 bedrooms, and has the opportunity to develop additional bedrooms within the existing site. “We are pleased to have successfully closed on the acquisition of the ibis Coventry Centre. This high-quality, branded limited-service hotel enjoys strong year-round demand and we believe there is an opportunity to significantly improve the underlying capital value,” stated Mr. Charles Scudamore, Hetherley’s Principal and Founder.

https://www.thecaterer.com/articles/358117/sale-and-franchise-back-of-seven-accor-hotels-for-27m

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