Landhold Developments has sold Headley Park hotel in Hampshire to Miramar Hotel Group for £4.7m.
Landhold Developments acquired the Bordon property in 2016 off a guide price of £2.5m. The London developer secured planning permission to refurbish the 24-bedroom property to create a new 73-bedroom hotel and resort, designed by the architect behind Soho Farmhouse, with 14 lakeside lodges and a family holiday cottage created by Michaelis Boyd. It was also planned to have a new barn to house a restaurant, spa and wellness centre.
Kit Abram of Knight Frank, which marketed the property, described the sale as "the result of a competitive marketing campaign" with Miramar making "the most compelling offer".
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, but had been closed since 2015.