Yotel is set to plant its first flag in Manchester this November, taking over The Qbic Hotel which was recently acquired by Tristan Capital Partners’ EPISO 5 Fund.

The acquisition marks the hotel group’s first conversion and third franchise property.

The Deansgate asset opened in May 2021 following a three-year conversion from an office building into a 261-key, four-star hotel featuring a state-of-the-art gym currently occupied by Trib3, and a contemporary F&B offering.

As part of the Fund’s business plan, the hotel will be rebranded to Yotel, a fast-expanding lifestyle brand with 18 hotels in operation across Europe, Asia and North America and significant global expansion plans. The hotel will be operated by Hamilton Hotel Partners.

“This acquisition represents the first step in our wider hotel strategy and we are very excited to have started with a hotel of this quality,” comments Kristian Smyth, Executive Director, Investments at Tristan Capital Partners. “The acquisition is our first alongside Hamilton Hotel Partners and we expect to continue to grow this relationship.”

Smyth adds: “Funds advised by Tristan have been actively pursuing hospitality opportunities with an emphasis on the UK and Spain and we are focused on acquiring assets which we believe will fit into either our core-plus or opportunistic funds. Our objective is to invest in excess of €500 million over the next 12 months and we are currently in discussions regarding a number of transactions in this space.”