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LRC buys Amaris Hospitality, adding seven UK hotels

LRC Group, the fast-growing pan-European property investor and manager, has bought Amaris Hospitality and agreed to add seven Hilton-branded hotels from funds managed by Oaktree Capital Management to the Amaris Hospitality portfolio for an undisclosed consideration.

The transaction for the seven hotels, which all trade under the DoubleTree by Hilton brand, is expected to close later this year.

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