Principal Hotel Company has sold Wychwood Park Hotel and Golf Course to Mokan Hotels Company off a guide price in excess of £8m.
The 108-bedroom Cheshire hotel, situated near Crewe and set in 200 acres, will managed by Legacy Hotels & Resorts as part of the branded and independent portfolio of hotels.
The acquisition makes Legacy’s fourth takeover in eight weeks, with Crabwall Hotel & Spa, also in Cheshire, a 200 bedroom hotel development project in Reading, and the management of the Hilton Garden Inn at the Stadium of Light, Sunderland, coming into the fold.
Wychwood Park Hotel is a four-star property with 108 bedrooms, conference and events facilities, as well as an 18-hole golf course with clubhouse.
Wychwood Park Golf Course is a European PGA Tour-standard course.
Andy Townsend, chief executive officer, comments on the newest property joining Legacy Hotels & Resorts portfolio: “We are delighted to welcome Wychwood Park and the team to our portfolio. The property has been on the market for a little while and I am pleased to be able to provide clarity and stability to the team as we set out our investors approach in developing the property over the coming months.
“I believe the hotel holds extensive opportunities to improve and enhance its overall offering, our team, with the backing of our investors are convinced that we can establish the hotel as one of the regions premier resorts and we look forward to starting that journey early in the New Year.”