Boutique hotel group Kaleidoscope Collection has successfully confirmed the sale of its first hotel.
The company’s owners, Ian and Christa Taylor, have announced that they have struck a deal to sell their 62-bed Abbey Hotel to KE Hotels.
The sale, which was handled by Knight Frank, completed yesterday evening.
Ian Taylor said: “Christa and I decided last year to sell the Abbey, and to use the funds to move forward with exciting new hotel projects. We are delighted it will be part of the KE Hotels portfolio and Anil’s plans for the future of the hotel are very exciting.
“We both know Anil (the manager) and the team will give the hotel as much care and dedication as we have done, over the past few years, and we wish them all the very best for the future. Our other hotel in Bath, No.15 Great Pulteney is not for sale.”
The Abbey Hotel has 62 individually designed bedrooms, a restaurant and bar. It will join KE Hotels’ portfolio, sitting alongside the Best Western
Linton Lodge, Oxford and the new Moxy by Marriott in Manchester, currently under construction. The company also owns several hotels in America.
KE Hotels plan to build on the Abbey’s customer experience, by investing in the interiors and the staff, to ensure a modern and comfortable stay for all guests.
Anil Khanna, managing director of KE Hotels, added: “It has a wonderful Georgian façade, balanced by welcoming, contemporary interiors – and a strong sense of place and identity.
“We will work hard to make sure that we preserve what makes the Abbey so special, whilst being utterly committed to investing in the hotel and working with the team to continue to grow and enhance the business.”