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Hand Picked Hotels to sell two properties

03 July 2015 by
Hand Picked Hotels to sell two properties

Hand Picked Hotels is to sell two of its smallest properties as the group concentrates on its core portfolio of larger four-AA-star country house hotels.

The 42-bedroom Priest House hotel in Castle Donnington, Derbyshire, is being put on the market for £3.25m, alongside the 28-bedroom Seiont Manor in Snowdonia, North Wales for £2m. Both properties are being marketed by Christie + Co.

Hand Picked is keen to add additional hotels to its collection, which currently numbers 21, and is actively looking for new hotels in "strategic locations".

Julia Hands, chairman and chief executive at Hand Picked Hotels, said that despite being an "an attractive property in a lovely setting", the Priest House "does not fit fully with the Hand Picked aspiration of an historic country house hotel".

She continued: "We also have a concentration of hotels in the Midlands, with gaps elsewhere geographically, which we would like to fill.

"Seiont Manor is a very characterful property in a beautiful part of Wales. However, it is a three-AA-star property and this does not fit with our strategy as a four-AA-star hotel collection."

Hands explained that both hotels will be sold as going concerns and it is important that all staff at the hotels have continuous employment when transferred to new owners.

The four-AA-star Priest House hotel is located in a converted Norman mill tower and 17th-century cottage in a 54-acre estate on the banks of the River Trent, and boasts a two-AA-rosette restaurant. Planning permission has been granted for an additional 41 bedrooms, a function suite and leisure pool.

Seiont Manor, situated in 22 acres of grounds, also has a two-AA-rosette restaurant and an indoor swimming pool. Adjacent to the hotel is a disused grade II manor house with planning consent for seven additional bedrooms and five meeting rooms.

Simon Stevens, director at Christie + Co, said: "Considering the quality of each asset, we are confident these outstanding hotel businesses will attract competitive interest, particularly as new owners will be able to seamlessly take over and lead the hotels into the future."

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