Indian firm buys Clumber Park Hotel & Spa

MGM Muthu Hotels has bought the Clumber Park Hotel & Spa in Nottingham in a multimillion pound deal funded by The Royal Bank of Scotland.

The hotel was put on the market last May for a price of £7m.

MGM Muthu Hotels, with has its roots in an Indian logistics firm, has 25 hotels in its portfolio. It bought the Belstead Brook Hotel in Ipswich in 2014 and added the Westcliff Hotel in Essex in portfolio in 2015.

The 4-star Clumber Park Hotel, near Sherwood Forest and the National Trust’s Clumber Park, has recently been refurbished, and has 73-bedrooms plus a courtyard restaurant, five meeting rooms, a spa, wedding venue and a wimming pool.

RBS was advised by Hawkins Hatton solicitors in Dudley. Highgate Asset Management advised Muthu Hotels.

Monicca Maran, corporate communications director at MGM Muthu Hotels, said: “We are delighted with our new acquisition and are keen to expand our business further in the UK and abroad. This is a very exciting opportunity to work with Royal Bank of Scotland and also to get to know Nottingham and the surrounding community. Royal Bank of Scotland knows this industry inside out and we were very pleased by their guidance and knowledge throughout the transaction.”

Ian Morgan, relationship director from the Specialised Hotel and Leisure team at Royal Bank of Scotland, said: “We look forward to supporting MGM Muthu Hotels increase their brand across the UK with further hotel acquisitions and we have no doubt the Clumber Park Hotel & Spa will prove a lucrative choice of investment.”