News: Hellaby Hall Hotel sold
The historic Hellaby Hall Hotel in Rotherham, the Grade II * listed building that was put on the market after its operators entered administration, has sold for around £5.6m to the owners of Aston Hall Hotel.
The 4 star hotel at Bramley includes 89 rooms in the converted 17th century house of Ralph Fretwell and is a popular location for weddings, functions and business. It also includes conference facilities, a restaurant and health & leisure club with two gyms, a swimming pool and health spa.
In May, Prima Hotels was one of a number of connected companies and hotels to call in Ryan Grant, Lee Causer and Catherine Williamson, of AlixPartners Services UK LLP.
Keeping operations open, the administrators took on the management of the affairs, business and property of the companies and appointed Legacy Hotels & Resorts Ltd to manage the day to day affairs of the hotels as their disclosed agent.
It was agreed that the values would be maximised by selling the properties as operating hotels.
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As reported by Rothbiz in December, international real estate advisor Savills, was close to securing a deal for the individual properties.
Now a deal has been confirmed from a guide price of £5.6m to the newly renamed Hellaby Hall Hotel Limited. The company shares directors with the company that acquired the historic Aston Hall Hotel in Rotherham in similar circumstances in 2012. The Lavin family previously had a portfolio of two hotels in Nottinghamshire and Oxfordshire.
Tom Cunningham, hotels director at Savills, said: "This picturesque hotel provides multiple income streams and has a strong trading record based on its popularity with both corporate and leisure guests. As such, we received high levels of market interest and were able to complete the sale process within just four months."
A spokesperson for the new operators of Hellaby Hall Hotel added: "The new team are proposing a well deserved investment into all areas of the hotel."
The administrators reported that with a management company brought in to run the operations, all employees based at the hotels were retained and are expected to transfer to the prospective new owners of the properties.
Operating a "business as usual" approach, continuing to trade and take bookings for rooms, events and conferences, all deposits paid before Prima entered into administration have been honoured and the hotels maintained substantially all of the pre-appointment bookings. The core of the business continued to trade profitably.
Hellaby Hall Hotel website
Images: Hellaby Hall Hotel
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The 4 star hotel at Bramley includes 89 rooms in the converted 17th century house of Ralph Fretwell and is a popular location for weddings, functions and business. It also includes conference facilities, a restaurant and health & leisure club with two gyms, a swimming pool and health spa.
In May, Prima Hotels was one of a number of connected companies and hotels to call in Ryan Grant, Lee Causer and Catherine Williamson, of AlixPartners Services UK LLP.
Keeping operations open, the administrators took on the management of the affairs, business and property of the companies and appointed Legacy Hotels & Resorts Ltd to manage the day to day affairs of the hotels as their disclosed agent.
It was agreed that the values would be maximised by selling the properties as operating hotels.
Advertisement
As reported by Rothbiz in December, international real estate advisor Savills, was close to securing a deal for the individual properties.
Now a deal has been confirmed from a guide price of £5.6m to the newly renamed Hellaby Hall Hotel Limited. The company shares directors with the company that acquired the historic Aston Hall Hotel in Rotherham in similar circumstances in 2012. The Lavin family previously had a portfolio of two hotels in Nottinghamshire and Oxfordshire.
Tom Cunningham, hotels director at Savills, said: "This picturesque hotel provides multiple income streams and has a strong trading record based on its popularity with both corporate and leisure guests. As such, we received high levels of market interest and were able to complete the sale process within just four months."
A spokesperson for the new operators of Hellaby Hall Hotel added: "The new team are proposing a well deserved investment into all areas of the hotel."
The administrators reported that with a management company brought in to run the operations, all employees based at the hotels were retained and are expected to transfer to the prospective new owners of the properties.
Operating a "business as usual" approach, continuing to trade and take bookings for rooms, events and conferences, all deposits paid before Prima entered into administration have been honoured and the hotels maintained substantially all of the pre-appointment bookings. The core of the business continued to trade profitably.
Hellaby Hall Hotel website
Images: Hellaby Hall Hotel
