De Vere Group has announced that it has exchanged contracts with Britannia Hotels for the sale of two UK hotels, following the completion of a strategic review earlier this year.

The sale of Bournemouth's Royal Bath and Warrington's De Vere Daresbury Park is for a total of £20m, which will help fund De Vere's expansion of the Village and Venues brands.

A further two hotels - the Grand Harbour, Southampton, and Cambridge's University Arms - are also set to change hands, with De Vere currently negotiating the sale of both properties.

The Royal Bath and the De Vere Daresbury Park both include spas that comprise a number of private treatment rooms offering ESPA therapies, as well as a steamroom and whirlpool.

De Vere Group chief executive Andrew Coppel said: "The proceeds from our disposal programme will go towards funding a range of development opportunities across the group."

Details: www.deveregroup.co.uk