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BDL Management, the Glasgow-based hotel operator with 2,400 staff employed at its 48 properties, has been acquired by Redefine Property Group for undisclosed terms.
BDL of Glasgow is looking to expand its chain of 46 hotels to more than 60 by the end of next year.
BDL Management is linking up with Kennedy Group of Coleraine to develop a chain of up to 40 Ramada Encore hotels by 2012.
BDL Management is planning to set up a chain of 40 hotels across the UK over the next seven years, in partnership with US hotel brand Wyndham Worldwide.
BDL Management is planning to start work on the development of a £8m 130-room hotel on St James's Boulevard in Newcastle this summer.