Shrigley Hall Hotel near Macclesfield has now been sold, marking the final property part of The Hotel Collection to find a new owner.
The Grade-II listed country house hotel has been acquired by a private investor, and was the last remaining asset in a 10-strong portfolio of regional UK hotels, known as Project Solstice, which came to market for a combined guide price of £130m last year.
Shrigley Hall Hotel is home to 148 bedrooms, set within 262 acres of private grounds. Now a four-star hotel, the property also offers a restaurant, bar, health club, 18-hole golf course and 13 conference rooms.
Martin Rogers, head of UK hotel transactions at Savills, comments: “This deal is of particular significance as it brings the sale of the high profile Project Solstice portfolio to a close. The UK hotel market has had a strong start to 2017 with high levels of demand from both overseas and domestic investors. We expect the second half of the year to be equally robust.”
Tom Cunningham, hotels director at Savills Manchester, comments: “The hotel market in the North of England is particularly attractive to investors due to the prices and returns available. With multiple income streams and a strong corporate and leisure trade, Shrigley Hall appealed to numerous different investor types.”