The private investment company that owns a number of top hotels including Chewton Glen and Cliveden has made its next move by purchasing the Lygon Arms Hotel in Broadway.
London & Regional Properties Limited has bought the 16th century hotel from The Hotel Collection for an undisclosed sum, in a deal made through JLL Hotels & Hospitality Group.
Lygon Arms Hotel comprises 78 bedrooms, two restaurants, a bar, meeting rooms and swimming pool, set in extensive grounds including a helipad.
The hotel was sold to London & Regional Properties Limited (L&R) who intend to operate the property as part of their exclusive hotel group.
The private investment company boasts a £9bn portfolio and alongside Chewton Glen and Cliveden, owns London Hilton Park Lane and The Strand Palace, among others.
Will Duffey, executive vice president JLL Hotels & Hospitality Group (JLL H&H) commented: “The Lygon Arms Hotel has a rich history and strong reputation dating back to when it was part of the Savoy Group, making it a truly irreplaceable piece of real estate.”
Adam Wilson, vice president JLL H&H added: “Despite the hotel’s rich pedigree, years of underinvestment had resulted in declining reputation and operating performance, a trend which the new owners will look to reverse with capital expenditure and strong management. Upon completion of the refurbishment, the property will sit alongside iconic hotels such as Chewton Glen and Cliveden House, allowing it to compete directly with England’s best luxury countryside hotels.”