Ex-banker buys Folio Hotels

Former global head of real estate at Citi's investment bank James Brent yesterday announced he had snapped up the core Folio hotel business to launch a newly formed company, the Akkeron Group.<br /><br />Brent plans to build a portfolio of up to 150 regional hotels across the UK. Akkeron Hotels reported that it has established its operational management platform through the acquisition of the core of the Folio hotel business with leasehold interests in eight hotels including The Yorkshire Hotel in Harrogate and the Harte &amp; Garter Hotel and Spa in Windsor. <br />