Stoke Place Hotel, a 39-bed boutique in Buckinghamshire, has been bought out of administration by the Newcastle-based hotel and pub group, the Cairn Hotel Group for an undisclosed sum.
The luxury hotel, set in 26 acres, comprises a Grade-II listed manor house, two cottages and a separate terrace of bedrooms, as well as a drawing room, restaurant, bar, wine cellar and events facilities.
The acquisition means that the Cairn Group now owns a portfolio of 26 hotels as well as a number of bars and restaurants.
The group owns the nearby Crowne Plaza Gerrards Cross, and has plans to make significant investments into Stoke Place and its facilities, including the upgrade of its reception, bedrooms, dining, conferencing and wedding facilities.
Richard Warren, Cairn Group’s finance director said: “This marks our first acquisition in 2016 and one of many new developments we have planned over the coming months at Cairn Group.”
The leasehold in the hotel was sold by Savills on behalf on M B Callaghan and R M Wilkinson, the joint administrators of Stoke Place Hotel.
Gary Witham, hotels director at Savills, comments: “This country house hotel was once a renowned wedding and events venue and is well-suited to both leisure and corporate guests. Cairn Hotel Group also owns the nearby Crowne Plaza Gerrards Cross as part of its extensive portfolio and has the capability and expertise to put Stoke Place back on the map.”