Permira buys Hawkstone Park for £11m
Private equity firm Permira has bought the Hawkstone Park hotel and golf resort in Shropshire for an estimated £11m.
The property will be added to the group's Principal Hotels operation, which also acquired the St David's Hotel and Spa in Cardiff last month for £32.5m.
Permira bought Principal Hotels in September 2006 for a price tag in the region of £300m.
Its UK-based portfolio comprises six four-star hotels, including The Russell in London and The George in Edinburgh.
Permira said at the time, the acquisition would provide a "platform for consolidation" in the sector.
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By Emily Manson
E-mail your comments to Emily Manson](mailto:emily.manson@rbi.co.uk?subject=Permira buys Hawkstone Park for £11m) here.
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