Savills and CBRE Hotels, on behalf of administrators at Deloitte, have sold Sketchley Grange Hotel & Spa in Burbage, Leicestershire to a private investor from a guide price of £7.5 million.
The 96-bedroom property will be managed by Focus Hotels under a long term management agreement. It features wedding and event facilities, meeting and conference space, a fitness centre, private dining room and recently refurbished restaurant with outdoor terrace.
Located on Sketchley Lane in Burbage, the hotel is easily accessible from the M6, M42, M69 and M1 motorways. Birmingham International Airport is within a 30 minute drive.
Tom Cunningham, hotels director at Savills, comments: “This was an excellent opportunity to acquire the freehold interest of a large, purpose built hotel in Leicestershire’s buoyant market and received strong interest accordingly. It has been very much business as usual throughout the sale process and all wedding, event and hotel bookings will continue as planned under the new owners.”
Adrian Berry of Deloitte adds: “Following our appointment in 2012, we finalised the new extension and stabilised trading before appointing Then Hospitality under a management agreement in July 2013. The trading performance improved significantly under our appointment and we re-invested by refurbishing the function suites, dining room, leisure suite and bedrooms. The sale marks the start of a new chapter for the hotel and its staff but business and trading will not be affected.”