The 24-bedroom Headley Park hotel in Hampshire has been sold to London developer Landhold Developments for an undisclosed sum off a guide price of £2.5m.
Colliers International was instructed to sell the property on behalf of the trustees of the Lithuanian Sports and Social Club in September last year.
Set within an estate of around 40 acres, the main hotel building comprises a function room, restaurant, bar and staff accommodation. The sale of the property also included a variety of outbuildings.
The original Headley Park was constructed between 1884 and 1891 and has been extended by various owners over subsequent years. In the 1950s the property was acquired by and operated as a community centre, retirement home and finally a sports and social club by a trust on behalf of the Lithuanian expatriate community.
Paul Barrasford, director of Colliers International, said: "Closed hotels with their high underlying real estate value, scope to reopen and redevelopment angles generate a wide range of interest from a diverse selection of buyers. This was particularly true for the Headley Park hotel where the spectrum of bidders mirrored the many historic and potential future uses of the property. It will be exciting to see how the new owner brings the property back life."
Garry Simpson, managing director of Landhold Developments, added: "This acquisition represents an exciting and potentially challenging opportunity, which we are very much looking forward to."
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