Hand Picked Hotels records losses of £3.9m in 2014

Hand Picked Hotels has unveiled its latest financial figures, showing the country hotel chain made a loss of £3.9m last year.

The group, owned by private equity tycoon Guy Hands and his wife Julia, consists of 21 luxury hotels in Britain.

Despite the loss, it is lower than last year’s figure of £9.1m and comes as Hands recently missed out in the £360m auction of the Malmaison and Hotel du Vin chains, which were sold to Asian-based hotel group Frasers Hospitality in June.

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This year, Hand Picked Hotels has also put two properties on the market, as Julia said at the time that they didn’t quite fit with the vision of the group.

The Priest House Hotel in Castle Donington, Derbyshire, which has a function suite, is up for sale at £3.25m, while the Seiont Manor Hotel in Snowdonia, North Wales is on the market for £2m.



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