JER Partners, the private equity investment arm of real estate investors J.E. Robert Companies, has announced the acquisition of Morethanhotels for an undisclosed sum. Morethanhotels owns and manages a portfolio of 11 Express by Holiday Inn hotels. It also owns two development sites close to the Birmingham NEC exhibition centre that have full planning permission for hotels. Once these developments are completed, the group will manage over 1450 rooms in the UK.
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