Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Shepherd Cox acquires Chesterfield's Sandpiper hotel

22 May 2017 by
Shepherd Cox acquires Chesterfield's Sandpiper hotel

Hotel investment firm Shepherd Cox has acquired the Sandpiper Hotel in Chesterfield, Derbyshire, for £1.35m from retiring owner David Cook.

The hotel, which has 46 en-suite bedrooms and three self-catering apartments, a restaurant with 60 covers, a café lounge and conference and banqueting suites, will be operated by hotel management company Michels & Taylor.

Cook built the hotel on Sheffield Road, Chesterfield, in 1975 and has since operated it as a family-run business.

Neil Thomson, associate director, hotels agency at real estate advisor Colliers International's Manchester office, which brokered the deal, said: "We have seen a huge increase in demand from private investment companies, which view the leisure sector as a profitable alternative to traditional property investments. Hotels in particular offer a reasonably low risk option because they provide a relatively guaranteed rental yield, based on consistently high occupancy levels."

Shepherd Cox director Nick Carlile added: "We are very pleased to have acquired the Sandpiper Hotel as the 17th hotel in our portfolio. We have identified key areas to add value to the asset which will drive the business forward."

Shepherd Cox owns a mix of independent hotels and properties operating under brands such as Ibis, Holiday Inn and Travelodge.

Shepherd Cox acquires Jersey Arms for £1m >>

George hotel acquired by Shepherd Cox >>

Derbyshire's Ringwood Hall hotel sold off guide price of £7.5m >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking