Squire Hotels, which was launched earlier this year by Manchester-based lawyer Chris Eddlestone, plans to fully refurbish the 64 bedroom hotel.
The four-star hotel with 64 bedrooms and extensive conference facilities was sold on behalf of Highcross Strategic Advisors by the specialist hotels agency team at the Manchester office of real estate advisors Colliers International.
Etrop Grange Hotel, which dates back to circa 1780, has been extensively refurbished with 64 bedrooms and a range of separate conference facilities able to accommodate more than 230 delegates in total.
Manchester-based Squire Hotels will continue to operate the red brick premises as a hotel.
Squire said: “We are delighted to bring Etrop Grange in to the Squire Hotels group. Etrop Grange is a first-rate hotel and wedding venue with an excellent reputation – under our ownership we will improve every aspect and take it to a whole new level. We are looking to expand our brand and this is a perfect addition to the group”
Originally known as Moss House after being built as a home by school teacher William Moss, the premises were renamed Etrop Grange in 1984 after the local area called Etrop Green. The property opened for business in November 1985 as a fine dining restaurant before conversion to a hotel over the next 13 years.
Julian Troup, head of UK hotels agency at Colliers International, secured the sale on behalf of Highcross Strategic Advisors.
He said the acquisition by Squire Hotels showed a continued appetite for properties such as Etrop Grange in the provinces despite general market conditions being tough.
“There was a great deal of interest in Etrop Grange because it is a high quality asset which trades consistently well,” he said.
Etrop Grange is situated just two miles from Manchester Airport and offers transfers for residents to and from the airport.