Four Pillars Hotel in Cotswold Water Park taken over by American investment firm
ONE of the most recognisable hotels in the Cotswolds has been taken over by a business from across the Pond.
The Four Pillars Hotel, located in the heart of the Cotswold Water Park near South Cerney, has been acquired by the American investment firm Starwood Capital Group.
The deal will see the US company take over six hotels, with a total of 863 rooms, owned by the Four Pillars Group in the Cotswolds, Oxfordshire, Thames Valley and Bristol.
Kevin Colket, senior vice president at Starwood Capital Group, said: “Four Pillars offers high-quality, full-service, four-star hotels in superb locations. We look forward to building on the company’s operational excellence and its longstanding client focus.”
The hotel in the Water Park, a well known venue for weddings, functions and business conferences, holds 328 bedrooms.
The Four Pillars chain was founded in 1974 and was one of the first hotel groups to pioneer the concept of hotel breaks with ‘no added extras’.
The Starwood Capital group has been slowly increasing its European hotel portfolio in recent years having purchased the famous Grand Central Hotel in Glasgow.
For more information, visit www.cotswoldwaterparkhotel.co.uk.
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