The Mill Hotel will become the second property operated by Bespoke Hotels in Chester city centre, after the property was acquired by new ownership.
The three-star hotel, which was originally established by Gordon Vickers in 1987, will be run alongside the Chester Grosvenor, Bespoke Hotels’ other property in the area.
The property is home to 132 bedrooms, a restaurant and bar plus leisure and spa facilities.
Vickers has built up the reputation of The Mill Hotel over his 30-year tenure and said he has had ‘enormous pride’ developing the property under his ownership.
Bespoke Hotels was founded in 2000 by Haydn Fentum and Robin Sheppard, Bespoke Hotels has grown to represent over 200 properties worldwide, and stands as one of the UK’s largest independent hotel groups.
Vickers said: “It has given me enormous pride to develop the Mill over the last 30 years. RSM’s understanding of the potential for continued development of the hotel and the key drivers of the leisure sector was critical in helping to identify a suitable home for the business which would preserve the hotel’s atmosphere and culture. I look forward to seeing the Mill continue to grow and provide a high level of service to its customers.”
Haydn Fentum, CEO of Bespoke Hotels, added: “We are thrilled by the prospect of working with this historic property, as well as strengthening our affiliation with Chester and the North West of England, which is a flourishing market and region of real significance to the group.”
Ian Latham, corporate finance partner for RSM, said: “The Mill Hotel is a well-loved Chester institution and the partnership with Bespoke Hotels going forward will further enhance its position. We received significant interest from potential purchasers and it was great to draw on our extensive sector experience to deliver a successful exit for the shareholders to the right purchaser and provide a strong platform for the future continued success of the hotel.”