Crest Hotels has acquired the 73-bedroom, Grade II-listed Arnos Manor hotel in Bristol off a guide price of £2.75m.
The hotel has been sold by St James's Hotel Group to the Birmingham-based Crest Hotels. Parent company Crest Group, which runs the Holiday Inn Birmingham Airport and the Almondsbury Interchange hotel in Bristol, is controlled by the Singh family.
St James's Hotel Group, a subsidiary of the Jersey-based real estate company Somerston Group, acquired the hotel 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.
Arnos Manor is a large detached landmark hotel in Bristol, built as a manor house in 1760 for a wealthy local family. The hotel has extensive public areas with a main bar, restaurant, function suite with bar and conservatory, a chapel for weddings and meetings, a civil marriage licence and various conference/meeting rooms, as well as a large car park and gardens.
Matthew Smith, a director in Christie & Co's Bristol office, who handled the sale, said: "Numerous offers were received following our comprehensive marketing campaign off a guide price of £2.75m. Interest was received from an array of credible and deliverable buyers due to its prime trading location and the scope on offer to further develop the trading performance."
Looking for a job? See all the current hotel vacancies available with The CatererFONT >>
Latest video from The Caterer