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

Formby Hall Golf Resort & Spa sells for undisclosed sum

18 January 2016 by
Formby Hall Golf Resort & Spa sells for undisclosed sum

Formby Hall Golf Resort & Spa, which was being marketed for offers in excess of £20m, has been sold to CS Hotels for an undisclosed sum.

The four-AA-star, 62-bedroom property, located within 183 acres of parkland on the east coast between Liverpool and Southport, was put up for sale by the Maghull Group in May 2015.

Formby Hall's management team, led by general manager Andrew Pyle, will remain unchanged and a major refurbishment will be carried out at the hotel.

Guest rooms will be refurbished, along with enhancements to the spa, the 19th Hole Bar, L37 restaurant and both event rooms.

Work is expected to start shortly, with the first phase due for completion by the end of spring 2016.

Formby Hall's last set of accounts showed a turnover of more than £7.1m, and a pre-tax profit of almost £293,000, up from almost £177,000 the previous year.

Shaun Skidmore, senior director at CBRE, who handled the sale, said: "CS Hotels is delighted to have acquired this successful resort and has revealed plans for continued investment, building on its first class reputation."


Formby Hall Golf Resort & Spa on market for £20m plus >>

Formby Hall Golf Resort & Spa, Southport >>


*Looking for a job? See all the current hotel vacancies available with The Caterer* Jobs >>

Latest video from The Caterer

TagsHotels
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 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.

trade tracker pixel tracking