Luxury hotel sold to Indian conglomerate
The New Bath Hotel near Matlock Bath in Derbyshire has been sold to an Indian-based conglomerate.
The hotel has been acquired by Deventure Hotels & Resorts, which is expanding into the UK hotels market. There is potential to create additional letting bedrooms, subject to planning permission, as well as develop the tourism trade, focusing on weddings, which the group intend to look into.
The hotel features 54 bedrooms, with bar, restaurant and conferencing facilities, as well as a spa. There is also a spring water fed open-air swimming pool.
Rohan Mukul, a spokesperson for the group, said: “We are happy that the New Bath Hotel & Spa marks our inaugural venture in the UK. Nestled in a perfect location with a rich history, it boasts unique features such as the 1930s outdoor pool and a 19th-century indoor pool, both fed by natural spring water.
“Despite the current need for service enhancements, we recognise the immense potential of this business. Our strategic plan includes a comprehensive refurbishment, with a planned re-launch scheduled ahead of the summer season in 2024. Christie & Co played a pivotal role in this venture, and we look forward to collaborating with them future again. This marks the beginning of our journey to further expand and establish a significant presence in the British hospitality market.”
Gavin Webb, associate director at Christie & Co who handled the sale, added “We are delighted to have completed the sale. The transaction is yet another example of a good quality hotel being sold by Christie & Co in Derbyshire. The regional market remains positive and buyer appetite is strong for similar opportunities.”
