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The three-star 37-bedroom country hotel Red Hall Hotel in Bury has been acquired by the newly formed hotel company KS Hotels Limited.
The new company has previous experience in running a regional child care business and has now decided to branch out into the hotel sector. Red Hall Hotel also features The Oscars Restaurant and bar, conference facilities including The Haydock Suite that can seat up to 150 seats and The Peel Suite (90 seats). The hotel also benefits from a detached bungalow used for staff accommodation.
The business is said to have a “solid trading base” and the confidential sale of the entire share capital of the owning company completed at an undisclosed figure. The management team will remain in place.
Colliers, who handled the sale, acted on behalf of the owners Catford and Longford Ltd which also owns the four-star luxury Abbey House Hotel and Gardens in Cumbria, which has been unaffected by this disposal.
The transaction was brokered by Julian Troup, head of UK hotels agency at Colliers International, who said: “Our instructions were to handle the sale in a confidential fashion and this was maintained up until after completion had been secured. We were able to introduce a diverse range of potential buyers, and this is yet another example of a hotel buyer coming from an alternative business sector.
“We are continuing to generate interest in hotel opportunities from a wide range of potential buyers, ranging from international investors attracted by weaker sterling and improving trading prospects, private buyers seeking the benefits of a lifestyle opportunity and corporate investors focused on favourable returns and real estate alternatives.”
Gourav Batra, one of the principals of KS Hotels, added: “Red Hall is a very special place and now that it has happened, the plan is to build relationships and I am excited to peruse my passion in the hospitality sector.
“We would like it to be a smooth transition for the staff and for them to feel part of the process of change. The reason for me entering hotels is because I have been passionate about the hospitality sector and been looking for the right opportunity for a couple of years.”
The parent company behind KS Hotels owns a group of three nurseries, Ark and Les Enfants. The Ark Mytholmroyd was acquired in 2015, Les Enfants was acquired in 2016 and Ark Littleborough was established in 2017.
