Singaporean group MGM Muthu Hotels acquires Clumber Park

09 March 2017 by
Singaporean group MGM Muthu Hotels acquires Clumber Park

The 73-bedroom Clumber Park Hotel & Spa in Worksop, Nottinghamshire, has been acquired by Singapore-based MGM Muthu Hotels, off a guide price of £7m.

Located adjacent to the National Trust's 3,800-acre Clumber Park and close to Sherwood Forest, the hotel was previously owned by property company, Moorgarth Group.

It becomes the third UK hotel for MGM Muthu, joining the 88-bedroom Belstead Brook hotel in Ipswich, which was acquired in 2014, and the 55-bedroom Westcliff hotel in Westcliff-on-Sea, Essex (2015).

The purchase of Clumber Park was supported by funding from the Royal Bank of Scotland.

MGM Muthu Hotels, which has hotels in India, Spain, Portugal, France, Cuba and Madeira, as well as the UK, said that it intends to buy more hotels in the UK.

Monicca Maran, corporate communications director of MGM Muthu Hotels, said: "This is a very exciting opportunity to work with Royal Bank of Scotland and also to get to know Nottingham and the surrounding community."

The parent company of MGM Muthu Hotels is the MG Muthu Group, which has interests in restaurants, logistics, mining and construction.

Clumber Park Hotel & Spa goes on market for £7m >>

Bespoke adds Clumber Park hotel to its portfolio >>

Westcliff hotel acquired by Indian group MGM Muthu Hotels >>

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