Renowned golf and spa hotel set for multimillion-pound upgrade following acquisition

A family-run Leeds-based property investment company has acquired the four-star Aldwark Manor golf and spa hotel near York.

Depho Estates purchased the hotel for an undisclosed sum from London-based real estate investment company Aprirose and will invest a multi-million pound sum post-acquisition to upgrade Aldwark Manor’s rooms and facilities.

Aldwark Manor is set in 120 acres of countryside and can accommodate more than 100 residential guests.

As well as offering conference and banqueting facilities for up to 240 people, the hotel has an 18-hole golf course and spa, plus a brasserie.

Depho Estates director, Deborah Hoban, said: “Aldwark Manor has been well run by Aprirose, so we have acquired a thriving business with a great reputation that will fit well within our current property portfolio.

“We want to make Aldwark Manor an even more desirable place to stay or visit. In order to achieve that objective, we have committed a multi-million pound budget which will enable us to upgrade and refurbish all aspects of the hotel and its grounds.”

A team from Yorkshire law firm Gordons led by corporate partner James Fawcett, and including commercial property partner, Simon Mydlowski, and employment partner, Philip Paget, advised Depho Estates on the deal.

Fawcett said: “Depho Estates has ambitious plans for Aldwark Manor, and a highly capable team that will make them happen.

“This was a great deal to work on, and we are now focused on further supporting the company as it continues to expand its operations throughout the region.”

Aprirose acquired the QHotel portfolio in September 2017 for £525m.

The real estate investment company was jointly advised on its sale of Aldwark Manor by property agents Savills and business property consultancy Christie & Co.