The Pinewood on Wilmslow sold to AG Hotels

23 June 2022 by
The Pinewood on Wilmslow sold to AG Hotels

The 89-bedroom Pinewood on Wilmslow hotel has been sold off a guide price of £5.5m to AG Hotels.

Located close to Manchester Airport, the property has been owned by the Alexander family since 2011 when it was acquired as a 58-bedroom property from Menzies Hotels off an asking price of £2.25m.

The hotel, which stands within 2.5-acre grounds, features the One Eighty restaurant, bar and lounge and function rooms including the Cheshire Suite with space for up to 140 guests. It operates under the Best Western Plus brand.

AG Hotels now owns 12 hotels across the UK, some of which are managed independently and some under brands such as Ibis, Comfort Inn and Oyo. It recently entered the London market with the acquisition of the 152-bedroom Clayton Crown hotel in Cricklewood for around £21m from Irish hotel operator Dalata.

Girish Grover, chief executive of AG Hotels, said: "We are delighted with our acquisition of the Pinewood on Wilmslow hotel and have exciting plans to invest in the future growth of its business."

The hotel was sold in a confidential off-market arrangement by real estate company Colliers.

Julian Troup, head of UK hotels agency at Colliers who brokered the deal, said: "The sale reflected continuing strong demand for quality hotel accommodation from both overseas and domestic buyers."

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking