Warwickshire hotel up for grabs as part of £130m collection
A LEADING hotel in Warwickshire has been brought to market as part of a £130m portfolio of prestige venues.
The Billesley Manor Hotel in Alcester is a Grade II* listed manor house dating back to the 16th Century which has been converted into a four-star facility offering 72 bedrooms, a health club, restaurant, two bars and 10 conference rooms.
Many of its original features have been retained, including the ornate great hall, 100-year-old topiary garden with fountain and a library in which Shakespeare is reported to have written one of his plays.
It is part of a 10-hotel portfolio now being marketed jointly by Savills and Rothschild. The collection, known as Project Solstice, includes many of the UK’s leading regional hotels. The collection is available at a guide price in excess of £130m.
The hotels, which offer a combined total of 1,433 bedrooms and 111 meeting rooms plus numerous restaurants, gyms and health spas, produced a total revenue of £48m in 2015.
In England, the portfolio also includes The Majestic Hotel, Harrogate; The Old Ship Hotel, Brighton; The Redworth Hall Hotel, County Durham; The Imperial Hotel, Torquay; The Imperial Hotel, Blackpool and The Shrigley Hall Hotel, Golf and Country Club, Macclesfield. In Scotland and Wales, it encompasses The Stirling Highland Hotel, Stirling; The Aberdeen Altens Hotel, Aberdeen and The Angel Hotel, Cardiff.
Martin Rogers, head of UK hotel transactions at Savills, said: “We are pleased to be bringing this significant collection of hotels to market. The distinctive heritage and character of each property has been maintained while generating a robust collective income. The portfolio also offers numerous value-add and asset management opportunities to further enhance the long term revenue.”