Botleigh Grange hotel and spa has been snapped up by an unnamed overseas buyer a month after it was placed into administration.
Leonard Curtis Business Solutions Group, which was handling the administration, confirmed this morning that a deal had been agreed with an “international hotelier” for an undisclosed sum.
Botleigh Grange is an established hotel located in Hedge End, a suburb of Southampton, which has 55 bedrooms, five function rooms, a restaurant and a bar.
The hotel blamed negative press surrounding its food hygiene rating as one of the reasons it got into difficulty. It was awarded a one out of five food hygiene rating in November, which impacted visitor numbers and business levels.
The independent hotel is currently closed and undergoing a survey.
Neil Bennett and Andrew Duncan, directors at Leonard Curtis Business Solutions Group, were appointed by MSP Capital Limited, one of the largest property financiers in southern England, as joint administrators to Botleigh Grange Limited in January.
A number of parties expressed an interest in the property, recognising the potential to generate and grow revenue from a range of income streams such as accommodation, food and drink, conference and banqueting, leisure and spa breaks.
The joint administrators worked closely with commercial property consultants Lambert Smith Hampton in Southampton to close the deal.
Neil Bennett, director at Leonard Curtis Business Solutions Group, said: “The property has attracted a high level of interest, as expected, and the buyer is an extremely experienced hotelier from overseas. Botleigh Grange is currently being surveyed to establish the necessary work required before the hotel can be opened.”