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Sale of Barnsdale Hall Hotel completes off guide price of £10m

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Barnsdale Hall Hotel in Rutland has been sold off a guide price of £10m to local family business owners, Dineshbhai and Savitaben Patel.

The historic hotel, which was first constructed in 1890 as the hunting lodge of the 6th Earl Fitzwilliam, is set in 55 acres and was previously owned by Derek Penman, chairman of the Penman Group.

During his tenure, Penman carried out extensive long-term redevelopment and renovation work at the site to create the 66-bedroom hotel complete with 49 timeshare lodges and apartments, 11 function suites, four bars and restaurants.

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The sale also includes a handful of leisure facilities such as a swimming pool, squash and tennis courts, studio, gym and spa.

Matthew Smith, partner at Knight Frank, commented: “We are thrilled to announce the sale of Barnsdale Hall Hotel, and given the exceptional circumstances over the past few months we agreed the sale in the midst of the Government lockdown with all parties involved working tirelessly to achieve a successful outcome. Although challenging times, it has been a pleasure working with both buyers and sellers to overcome unprecedented and uncertain obstacles to ensure the transaction continued on course.”

Dineshbhai Patel commented: “We are delighted to be working with the exceptional management team who have shown remarkable resilience and determination over the past few months, which have been a challenging and difficult time for everyone working in the hospitality industry. The commitment and loyalty of staff at all levels has been incredible, the accommodation and grounds are looking beautiful and we look forward to welcoming guests again with a focus on delivering the very highest standards of quality, luxury and service.”

Tags : dealhotelsINDUSTRYKnight FrankRutlandsold
Zoe Monk

The author Zoe Monk

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