Thursday, June 13, 2024
Thursday, June 13, 2024
HomeNewsRox Hotel Aberdeen to reopen after acquisition

Rox Hotel Aberdeen to reopen after acquisition

The 4-star 32-bedroom Rox Hotel in Aberdeen is set to reopen after being purchased for an undisclosed sum as a joint venture by the Singapore-based company Seacare Hospitality along with Compass Hospitality. The hotel had been on the market for £2m.

Compass is one of Southeast Asian’s fastest growing hospitality management companies, managing and operating a wide portfolio of 50 hospitality properties across all market segments. The Rox Hotel in Market Street is the company’s 7th Hotel in Scotland and 17th in the United Kingdom, as the company undergoes a post-pandemic surge in acquisitions, after entering the UK market in 2015.

Its other Scottish hotels are located in Dundee, Dumfries, Glasgow, Inverness and Perth.

Chye Teen Lim CEO of Seacare Hospitality said, “We are thrilled to welcome the Rox Hotel Aberdeen into our diverse portfolio of projects and to once again be collaborating with Compass Hospitality. We are confident that this will be another profitable venture into the robust and enduring UK hospitality sector”.

Harmil Singh, CEO of Compass Hospitality added, “The addition of this delightful 4-star property to our expanding UK hotel portfolio demonstrates our confidence particularly in the Scottish hospitality market, and we continue to look forward optimistically to further growth in this area.”

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