Nicole De Angelis-Hood, the niece of pub baron Arthur Laundy, is one of a number of buyers to snap up about $85 million of hotels offloaded by the debt-laden Redcape Hotel Group after the unlisted fund was forced to divest assets by its lenders.

The latest sales take total divestments this year to $158 million, more than 10 per cent of Redcape’s original $1.4 billion portfolio. The MA Financial-managed vehicle began offloading venues in July after freezing redemptions at the end of June for at least six months.