Overseas-operator Mokan Hotels has acquired New Place Hotel in Southampton, from Principal Hayley group, in a move that marks the investor’s first steps in the UK hotel sector.
New Place in Southampton is home to 110 bedrooms, restaurant and Lutyens Bar, named after its namesake and manor house designer Sir Edwin Lutyens, plus 33 function rooms and spa and leisure facilities.
The hotel will be managed by Legacy Hotels and Resorts as part of the takeover, joining a portfolio of 17 properties including Chilworth Manor also situated in Southampton.
The New Place estate boasts a Grade I Listed formal Jacobean-style red brick manor house that dates back to the early 17th century, while the main building, built in 1906, is set within formal arts and crafts style gardens that were designed in the early 20th century and stretch across 32 acres of landscaped grounds.
Now under the management of Legacy, the on-site team will remain in their current positions and the company is already exploring new opportunities for growth.
Andy Townsend, chief executive officer of Legacy, said: “The acquisition of New Place is testament to our continued growth in the sector and the first this year of several projects in the pipeline that are due to complete.
“The property is very popular with a diverse group of loyal corporate and leisure guests and is host to over 100 wedding and social events each year. The hotel has just completed a full refurbishment of its dedicated banqueting facility, The Arden Suite, and an upgrade to the Main House’s ground floor restaurant and bar facilities – so I am confident that New Place will continue to be a local gem and one of Hampshire’s premier hotel venues.”