Top secret hotel deal secured off guide price of £7.5m


Ringwood Hall near Chesterfield has been sold to a private individual off a guide price of £7.5m in a deal that marks buyer Danny Singh’s first venture into the hotel market.

Located in Brimington, Ringwood Hall Hotel is a 19th century manor house set in 29 acres, consisting of 74 bedrooms, a bar, plus a conference and banqueting suite.

The hotel has undergone significant refurbishment over the last 20 years under the brand Lyric Hotels, owned by David Seton who bought the property in 1999.

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He transformed the hotel from a partly derelict, 21-bedroom hotel into the iconic property it is today, spending £4.5m over a 16 year period.

Rona Davies, Ringwood Hall’s general manager has worked with Seton since 1985 and will remain at the hotel with the new owners.

Danny Singh, a private individual with experience as an operator in the healthcare sector, has acquired Ringwood Hall Hotel as his first hotel deal.

Julian Troup, head of UK hotels agency, alternative markets, Colliers International, said: “In more recent years, the previous owners of Ringwood have implemented a considerable number of improvements to the hall with the most recent owners obtaining a number of planning permissions which will greatly benefit the property and its future business potential. These include: planning permission for the long term erection of a marquee for events between the months of April and October; the development of external hot tubs for guests; the conversion of current management facilities into treatment rooms; the construction of an orangery to create additional dining space; and, the conversion of various existing outbuilding to create additional letting accommodation.”

David Seton, the former owner of Ringwood Hall Hotel commented: “You never actually own a place like Ringwood, you just look after it until the next person comes along. It has been an honour to have been custodian of the Ringwood Hall for such a short time in its history. I am delighted to be leaving the hotel in a much better state than we found it in.

Tags : Boutique HotelsChristie and Cofor sale
Zoe Monk

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