A long-lease on the Grade I-listed, 96-bedroom Stoke Rochford Hall, near Grantham, Lincolnshire, has been sold by the National Union of Teachers (NUT) to Talash Hotels for an undisclosed sum.
There are 961 years remaining on the 999 year-long lease, which has been used by the NUT as a conference and training centre since 1978. The freehold of the Victorian property is owned by Stoke Rochford Estate.
Talash Hotels, operated by the Kathuria family, now owns nine hotels in the Midlands, including the Quorn Country hotel in Quorn, Leicestershire, and Risley Hall hotel and spa in Risley, Derbyshire.
Located within a 28-acre estate, Stoke Rochford Hall includes a reception hall, lounge, terrace bar, restaurant and leisure club with swimming pool.
Tom Cunningham, hotels director at Savills, which handled the sale, said: "Stoke Rochford Hall has a strong year-round trade thanks to its established conference and leisure facilities. With the experience of the new owners, it also offers a significant opportunity to enhance the long term income."
Stoke Rochford Hall is a member of the Irish-based Great National Hotels and Resorts marketing consortium.
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