LONDON-Akkeron Hotels Group Ltd. has purchased 10 properties throughout the country from the failed Birmingham, England-based Butterfly Hotels Ltd. The hotels, operating under the Best Western, Ramada and Holiday Inn brands, have a combined annual turnover of about $16 million.

Akkeron said in a statement that the acquisition was funded with a combination of existing resources and a new 15-year credit facility. The company, formed in 2008 by former CitiGroup global real estate head James Brent, now owns 36 properties with a combined annual turnover of almost $100 million. The company bought Forestdale Hotels Ltd., a group of 18 UK hotels, for a reported $97 million in December, and before that acquired eight hotels in December 2009 from Folio Hotels, also known as Mulbourn Hotels Ltd.

Officials at Akkeron said the plan is to grow the company to a portfolio of 150 regional hotels across the United Kingdom. Matthew Welbourn with Akkeron said the Butterfly purchase helps toward that goal. “Butterfly was an unfortunate victim of the recession,” he said in a statement, “but I am pleased that we were able to bring the hotels out of administration.”

The hotels include the Holiday Inn Express (Banbury), the Holiday Inn Express (Castle Bromwich, Birmingham), the Holiday Inn Express (Kettering), the Best Western Rockingham Forest (Corby), the Best Western Himley Hotel, (Dudley), the Ramadas in Bury St. Edmunds, Colchester, Kings Lynn, Peterborough and Stevenage.