The Apex City of London was sold for £18.65 million to Standard Life's annuity fund and the Waterloo Place hotel in Edinburgh was bought by CBRE Global Investors for £10m.
Both deals secure occupancy for Apex for the next 150 years.
Angela Vickers, managing director of Apex, said: "These deals have given Apex Hotels the opportunity to refinance and reduce our reliance on bank debt, while ensuring the ongoing operation of the properties through leaseback arrangements."
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