Mitchells & Butlers has sold 73 pubs to property investment company Aprirose… The acquisition will be Aprirose's first management contract undertaken in this sector. It has appointed pub operator LT Management Services (LTM) to manage the assets….. Manish Gudka, Aprirose chief executive, added: "The acquisition of the Milton Pubs and Taverns portfolio from M&B represents an opportunity for us to take a more hands on approach to asset management. We look forward to working with LTM, who are a leading operator in this space."
Set in a seven-storey building, the hotel has 209 bedrooms. It is being renovated as part of the Royal Docks development plan which will transform the area into London’s third business district. Manish Gudka, CEO at Aprirose, said: “The Hampton by Hilton is a very exciting acquisition for Aprirose as we undertake our first hotel management agreement.”