The newly-renovated Stanneylands Hotel In Cheshire has been sold by the Mere Group after almost three years of ownership.
The hotel, which was sold off a guide price of £6.25m, has been snapped up by rapidly-expanding Manchester pub operator JW Lees as the company goes for growth in the hotel’s sector.
The Mere Group is owned by Mark Boler and Gary Corbett, who purchased Stanneylands Hotel in 2015 and then invested £1.7m into refurbishing the building before relaunching it to market in April 2017.
Following the renovation, the 52 bedroom hotel now boasts two dining venues, the Tap & Pantry and the Grill Room, alongside three function suites, plus landscaped gardens.
New owner, JW Lees is growing its hospitality business in the North West, including the newly refurbished Alderley Edge Hotel, the newly acquired Boddington Arms in the Ribble Valley and other inns and pubs throughout the region.
The purchase of Stanneylands marks the 12th addition to the JW Lees hotels portfolio.
William Lees-Jones, sixth-generation managing director of JW Lees comments: “When we saw that Stanneylands was available, we immediately knew that it would be a great asset for us to acquire and we believe that we can add value to the business by welcoming it to our growing hotels and inns business headed up by Tony Spencer. We now have 287 bedrooms under company management across 12 sites and our Hotels and Inns Division is an increasingly important part of our business.”
Ryan Lynn, director at Christie & Co’s Manchester office who handled the sale comments: “We were very happy to work with the Mere Group to sell Stanneylands and found JW Lees to be a great and straight forward buyer to deal with. From the start, the hotel was marketed on a very confidential basis with a view to maximise the sale price, but also with a goal to achieve a quick deal. With a fast and effective marketing campaign, we introduced several buyers, received multiple bids and completed on the deal within a couple of months of it being agreed.”