Bright Hospitality Group has acquired Staindrop Lodge Hotel in North Sheffield, marking the company’s tenth takeover.
The family business has acquired the 37-bedroom hotel off a guide price of £1.6m from previous owners David Slade and John Wigfield.
The building dates back to the early 19th century but was extended substantially in 2003. Slade and Wigfield took over the property in 2012 and then developed the hotel from 12 bedrooms to 37.
Staindrop Lodge is also now home to the 100-cover restaurant 1806 Brasserie.
The hotel bar, ‘Toms’, can seat around 60, whilst a further 28 can be seated in the adjoining conservatory and the hotel also has conference facilities.
Nick Thomas of Fleurets commented: “The marketing of Staindrop Lodge attracted a great deal of interest from both individual and group buyers, nationwide as well as overseas investors. This demonstrates the strong demand for hotels we are currently experiencing.”
Zishan Zaman from BHG commented: “Our purchase of Staindrop Lodge marks the tenth hotel for Bright Hospitality Group. Our hotels extend from the South West to the North of England and we pleased to add Staindrop Lodge to our group.”
Bright Hospitality Group acquired its first site in 2005, and more recently acquired the 42-bedroomed Cheltenham Regency Hotel in Gloucestershire.