Expanding hotel group Shepherd Fox has ramped up its growth across the country with the acquisition of The Bridge Hotel and Spa in Yorkshire.
Colliers International has sold the four-star, 37-bedroom hotel, which has a net turnover of almost £3m per annum, on behalf of owner Philip Roberts for an undisclosed price to the hospitality group to add to its portfolio of 19 hotels across the UK.
Alongside the bedrooms, The Bridge Hotel and Spa comprises The Courtyard Restaurant and Byron Bar, as well as extensive conference facilities and a spa with thermal suite and treatment rooms.
The hotel also benefits from planning consent for two hotel bedroom extensions, providing a total of 28 additional letting bedrooms.
“We are delighted to add this very prestigious asset to our hotel portfolio,” said Nick Carlile, director of Shepherd Cox. “We plan to continue the great work that Philip and his team have done, and expand the hotel with the new rooms. This acquisition represents a key step in the growth for Shepherd Cox Hotels.”
The transaction was brokered by Julian Troup, Head of UK Hotels Agency at Colliers International, who said: “This is an enviable business with a high-quality offering and was transacted on a highly confidential basis. Colliers and its clients were delighted with the result of the process, including maintaining the required confidentiality.”
Shepherd Cox includes a mix of independent hotels and properties operating under brands such as Best Western, Holiday Inn and Comfort Inns.