Talash Hotels has acquired the leasehold of the historic Grade-I listed Stoke Rochford Hall near Grantham in Lincolnshire, and spoken of plans to transform the epic venue.
The hotel group, which is based at Leamington Spa, acquired the lease for the 91-bed hotel for an undisclosed sum from the National Union of Teachers, which has operated the hotel from 38 years.
Talash Hotels is owned by brothers Ravi and Sanjay Kathuria, who have been involved in a number of rapid hotel acquisitions over the years.
They now plan to give the historic property a complete overhaul, with a significant investment into the hotel’s leisure facilities on the cards.
Once finished, Stoke Rochford Hall will become the flagship hotel for Talash Hotels.
The Kathuria brothers said they plan to update certain areas of the hotel and make it more of a commercial operation than it was under the NUT.
They said: “We want to put Stoke Rochford hotel back on the map – make it more widely known and we will be looking to develop its leisure complex and increase the hotel’s occupancy.”
The hotel employs 46 staff who have transferred to Talash Hotels under their existing terms and conditions.
Tom Cunningham, hotels director at Savills, comments on the sale: “Stoke Rochford Hall has a strong year-round trade thanks to its established conference and leisure facilities. With the experience of the new owners, it also offers a significant opportunity to enhance the long term income.”