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The Mercure Burton Upon Trent Newton Park Hotel has been sold off of a guide price of £2.2m to new hotel company, Raky Hotels.
The 18th Century, 50-bedroom Grade-II property which has been extended over the years, and now includes bars, restaurants, lounges and five meeting or events rooms.
Situated within 4.75 acres of landscaped gardens, the hotel was previously a popular destination for domestic and overseas travellers, and with the pagoda and many of the rooms licensed for weddings it has been a popular venue for local residents as well.
The site is only 15 miles from East Midlands Airport as well as tourist destinations such as Alton Towers, Chatsworth House and the Peak District.
Raghav Duggal, owner of Raky Hotels, said: “We are delighted with our first UK hotel purchase and are excited to get going and take the hotel from strength to strength. This is the first of what we hope is many across the Midlands and are looking for other interesting propositions.”
The deal for the site which has operated under the Mercure brand, was arranged by specialist commercial real estate firm Colliers on behalf of Jupiter Hotels.
Robert Smithson, associate director in Colliers’ Hotel Agency team, said: “The Mercure Newton Park, Burton on Trent is a stunning country house hotel which was very popular prior to the pandemic and is expected to bounce back well as it benefits from a wide range of income streams from leisure to corporate and events.
“The level of interest in this asset once again highlights the popularity of hotels amongst investors despite recent global events. I wish Raghav the best of luck with this and his future endeavours.”
