Today’s news in brief – 19/1/24
Savills is facilitating the sale of the long leasehold and part freehold interests in Selsdon Park Estate, a historic property located at 126 Addington Road, South Croydon. The estate, dating back to the 17th century, includes a recently refurbished hotel and former members club situated on a sprawling 198-acre site. Birch Selsdon, the latest hotel on the property, opened in 2023 and offers 181 keys, two restaurants, three bars, meeting rooms, coworking space, and wellness facilities. The property, having undergone significant capital expenditure, ceased trading in November 2023. Savills anticipates strong market interest in this unique opportunity, emphasising the property’s strategic location just 12 minutes from East Croydon Station and its proximity to Gatwick Airport.
Beaverbrook has secured a £52m loan from OakNorth, earmarked for refinancing existing facilities and future growth. The announcement follows the December 2023 opening of Mickleham Village, a new guest house featuring 21 rooms, a restaurant, and an events space. Beaverbrook, spanning 475 acres, offers 57 rooms, four restaurants, two bars, and extensive recreational facilities. The loan from OakNorth reflects the maturity of Beaverbrook’s business and its completion of development works, according to Joel Cadbury, co-founder of Beaverbrook Holdings Limited.
The Baillifgate Hotel, set to open in Summer 2024, is a modern five-story building in Alnwick, located in the historic former premises of Duchess High School. The hotel boasts 48 rooms, suites, and apartments, along with a bar, restaurant, and private dining room. This project represents a significant investment by Northumberland Estates in Alnwick’s tourist economy, with the aim of attracting a new generation of tourists and appealing to locals. The hotel’s general manager, Bernard Bloodworth, a former pupil of the school, expresses determination to create an experience that exceeds expectations.
The Pig has acquired the 17th-Century Barnsley House hotel in the Cotswolds village of Barnsley. Nestled in arts and crafts-style gardens, the property includes a village pub, a first for The Pig. The site also features ornamental gardens, a kitchen garden, and a small spa. The Pig plans to refurbish the property, rebranding it as The Pig- and The Village Pub, Cotswolds, with an expected opening in summer 2024. This acquisition marks The Pig’s expansion strategy, with plans for two additional locations in Stratford-Upon-Avon and Tunbridge Wells in 2024 and 2025, respectively. Robin Hutson, chairman of The Pig, expresses excitement about acquiring Barnsley House, considering it a perfect fit for The Pig brand.
