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
Unusual opportunity to acquire this national and well established, full service Mechanical & Electrical consulting engineering company. Offers invited.
LEASEHOLD
Works with a network of reliable hauliers to provide comprehensive and reliable logistics solutions on a national basis. Offers invited.
RELOCATABLE
Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.
LEASEHOLD
|
23
|
|
May
|
Fintech company Loot collapses into administration | ADMINISTRATION
After failing to secure further backing from the Royal Bank ...
|
22
|
|
May
|
Spike in M&A activity in the education sector | BUSINESS SALE
In recent months, the education sector in the UK has witness...
|
22
|
|
May
|
Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION
Celebrity chef Jamie Oliver, who shot to fame after campaign...
Sign up to receive our acquisition alert emails to get your FREE guide
|
27
|
|
Mar
|
Yorkshire vineyard up for sale | BUSINESS SALE
An award-winning vineyard in Yorkshire has been brought to m...
|
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...
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