According to BGAM, the hotel will “benefit immediately from rebranding and major rolling refurbishment programme”
The business sees trade from both leisure and business guests with a strong commercial presence in the area and famous visitor attractions, including Stadium MK, Silverstone Racetrack and Bletchley Park.
Jamie Levy, director at BGAM, said: “BGAM are delighted to confirm the purchase of our fifth hotel, the MK Hotel, Milton Keynes. We see a lot of growth potential in the hotel and area as a whole and the hotel will benefit immediately from rebranding and major rolling refurbishment programme.”
Alex Campbell, director at Christie and Co, who handled the sale, added: “We received strong interest in the hotel as it represents a superb opportunity to rebrand and reposition the hotel within the Milton Keynes market. BGAM will undertake a refurbishment of the hotel and it will fit perfectly into theirexpanding portfolio.”