Chief executive Jonathan Raggett said the deal formed part of a “strategic investment” into its remaining Guernsey property
Red Carnation Hotels has sold the Duke of Richmond hotel in Guernsey ahead of a “significant renovation” at the Old Government House, now its sole Guernsey property.
The 76-bedroom Duke of Richmond at St Peter Port was acquired by the hotel group in late 2011 and refurbished by Red Carnation’s president and founder, Beatrice Tollman, who had ambitions to raise the bar of the then three-AA-star hotel.
The hotel, which now holds four-AA-stars, has been sold to the Guernsey-based Little Big Group, who also own Fleur Du Jardin, the Peninsula hotel and Les Douvres hotel.
Jonathan Raggett, chief executive of Red Carnation Hotels, said: “The sale of the Duke of Richmond Hotel unlocks an exciting new chapter for the Old Government House Hotel.
“As Guernsey’s first and only five-star hotel, the Old Government House is set for a significant renovation that will elevate its legacy and set a new standard for luxury on the island. This strategic investment follows the successful launch of 100 Princes Street in Edinburgh and the upcoming enhancements to the Chesterfield Hotel in Mayfair, further underscoring our commitment to exceptional properties and unparalleled guest experiences.”
Terms of the deal were not disclosed.