Search
The Caterer

Crown Hotel in New Forest sold to Antoinette Hotels

17 April 2012 by
Crown Hotel in New Forest sold to Antoinette Hotels

The 39-bedroom Best Western Crown Hotel in Lyndhurst, Hampshire, is to undergo a £3m investment following its sale to the Antoinette Group.

Situated in the heart of the New Forest and located on the site of a coaching inn dating back to the 17th century, the hotel was sold by Ian Dunn of Evergreen Hotels, who will now concentrate on running the Calcot hotel in Reading. It was purchased off a guide price of £2.5m, through the Government-backed National Loan Guarantee Scheme, which resulted in Antoinette Hotels receiving 1% of the purchase price back from backers Barclays Bank.

Paul Buzasi, managing director of Antoinette Hotels, which he owns with his brother, Adam, said that Barclays were keen to back their purchase of the hotel because they were both so "hands-on" in the business.

Investment plans include the expansion of the hotel to 53 bedrooms and the creation of a gastropub experience in the hotel's brasserie.

"The Crown is a wonderful building within a beautiful location," he said. "We are planning to drop the Best Western branding and market the hotel as an independent hotel, as well as expand the hotel's wedding business. We will be focusing on continuing to provide an excellent customer experience at the Crown Hotel, as we currently strive to offer all our guests."

Antoinette Hotels was set up by the Buzasi's Hungarian-born grandfather, Arpad Buzasi, in 1961 with the opening of a property in Kingston. The group now owns four hotels and is keen to purchase more properties, particularly in the south-west London area.

The Best Western Crown Hotel was sold through Colliers International.

Hotels sales could rise in 2012 >>

Vermont hotel in Newcastle sold off £9m asking price >>

Britannia scoops up two Scarborough hotels out of administration >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Thank you

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

Jacobs Media Group 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.