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Blackwell Grange acquired by Irish group Bruhenny Investments

11 July 2017 by
Blackwell Grange acquired by Irish group Bruhenny Investments

St James's Hotel Group has sold the leasehold on the 108-bedroom Blackwell Grange hotel in Darlington, County Durham, to Irish-based Bruhenny Investments, off a guide price of £3.25m.

Originally built as the family home of the industrial magnate George Allen, the 18th-century, Grade II-listed property was acquired by Darlington Council in 1953 and transformed into a hotel in 1970.

Today the property, which sits within 4.35 acres of grounds, features a restaurant, 12 function rooms, a swimming pool and gym.

Julian Troup, head of UK hotels agency at Colliers International, which marketed the hotel, said the sale follows a pattern of increasing demand for UK provincial hotels from private and corporate investors.

"We are seeing an emerging trend of increased demand for quality regional hotel opportunities from a diverse buyer set, including international investors, who have been attracted by the weaker sterling and improving trading prospects."

St James's Hotel Group, a subsidiary of the Jersey-based real estate company Somerston Group, has been gradually selling off properties it acquired as part of the 14-strong Forestdale portfolio in March 2014. Forestdale was a subsidiary of the Akkeron hotel group, which went into administration in early 2014.

The group now has five remaining hotels: Norfolk Arms hotel, Arundel, West Sussex; Pratt's hotel, Bath, Somerset; Royal Cambridge hotel, Cambridge; Falcon hotel, Stratford-upon-Avon, Warwickshire; and Winchester Royal hotel, Winchester, Hampshire.

Darlington's Blackwell Grange hotel on market for £3.25m >>

St James's Hotel Group to sell Arnos Manor in Bristol >>

St James's Hotels buys Falcon hotel in Stratford-upon-Avon >>
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