The Grade-II listed Warwickshire gem Nailcote Hall Hotel has gone on the market for an undisclosed sum, following a series of investment at the historic property.
The hotel, which is world-renowned for hosting the annual British Par 3 Championship event on its nine hole championship golf course, has been owned by Rick Cressman since he bought the property out of receivership in 1991.
Since then he has built the hotel’s business and infrastructure, with the most recent development being a £1.3m project that saw a new clubhouse created and the building of ten new bedrooms.
Now Cressman is wishing to retire and in turn providing the opportunity for a new owner to benefit from the investment the hotel has had over the years.
The 49-bedroom manor house hotel dates back to the 17th century and has been fully refurbished to a high specification, with many of its original features maintained.
The property also offers bars, restaurants, five function or conference rooms, a leisure club, golf course and multi-purpose golf club house.
The hotel is also a popular wedding venue and a marquee provides facilities for larger weddings and events.
Tom Cunningham, hotels director at Savills, comments: “This is an excellent opportunity to acquire a well-performing country house hotel in the picturesque Warwickshire countryside, with ease of access to major conurbations and the national motorway network. The successful golf course and leisure facilities also mean potential investors would benefit from diverse income streams.”