Mon, 11 Jan 2016 | ADMINISTRATION
Hotel operator Cairn Group has purchased Stoke Place Hotel in Buckinghamshire out of administration, for an undisclosed amount.
Newcastle-based Cairn Group, which also runs bars, intends to freshen up the 39-bedroom, 17th Century property. A grade-ll listed manor house, two cottages, restaurant, bar, wine cellar and events facilities are all part of the hotel, and set within 26 acres of gardens. The sale also protects over 50 people's jobs.
The deal was managed by Savills on behalf of the joint administrators of Stoke Place Hotel Ltd, M B Callaghan and R M Wilkinson.
Gary Witham, hotels director at Savills, commented on the hotel: “This country house hotel was once a renowned wedding and events venue and is well-suited to both leisure and corporate guests.
“Cairn Hotel Group also owns the nearby Crowne Plaza in Gerrards Cross as part of its extensive portfolio and has the capability to put Stokes Place back on the map.”
Cairn Group now owns and runs 26 hotels, and bars and restaurants throughout the UK. It has plans to refurbish the reception areas, bedrooms, dining, conference and wedding facilities at Stoke Place Hotel.
Find businesses in administration
This well established and successful plastics recycling business which operates as a partnership is one of the largest and most significant recycling businesses in the south of England, with a well-earned reputation for the breadth of its services an...
LEASEHOLD
Good track record of sales across 70 countries, including the USA, with the product proving a popular attraction in the Leisure, Tourism and Corporate Entertainment sectors. Fully owned, protected technology: with no like-for-like competitor product...
Established Since 1998 the business has become highly reputable and well known in its surrounding areas. Additionally holds a commercial customer base. Offers invited.
LEASEHOLD
|
10
|
|
Nov
|
BT to sell off its fleet division | DIVISION SALE
BT Group is preparing to sell its fleet management arm encom...
|
08
|
|
Nov
|
Open Cell to merge with Stratto | MERGER
Global investment firm, Digital Colony has acquired Open Cel...
|
06
|
|
Nov
|
Butcher chain falls into administration | ADMINISTRATION
Yorkshire-based butcher chain Crawshaw has fallen into admin...
Sign up to receive our acquisition alert emails to get your FREE guide
|
12
|
|
Oct
|
Shopping centre in Northern Ireland for sale at £18m | BUSINESS SALE
Bow Street Mall in Lisburn, one of Northern Ireland's b...
|
15
|
|
Jun
|
Cumbria hotel on sale for an undisclosed price | COMMERCIAL PROPERTY
A Georgian hotel from the 19th century has been put on the m...
|
16
|
|
Jun
|
Stratford hotel that claims ties to Shakespeare sold | COMMERCIAL PROPERTY
A grade ll listed hotel in Stratford-upon-Avon that has a co...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources