Following the appointment of John Hansen and Stuart Irwin of KPMG as Joint Administrators of Oakley Court Hotel Limited, Colliers International was instructed in June to find a buyer for the business and property known as Oakley Court Hotel.
As anticipated an overwhelming amount of interest was generated as a consequence of a structured process and after a considerable number of offers, a single party was provided with “preferred bidder” status. Parties were requested to consider submitting offers for Oakley Court Hotel which is one of the finest and most renowned country house hotels in England.
The hotel has been sold to Lake Opportunities Limited for an undisclosed amount.
The truly stunning gothic style property has 118 letting bedrooms, including 11 luxury suites, and comes with substantial meeting and conference facilities. Also included is a nine-hole golf course set in over 33 acres of beautiful landscaped gardens leading straight onto a private stretch of the River Thames. Local attractions are in abundance and include Windsor Castle, Ascot Racecourse, Legoland, Thorpe Park. Oakley Court is also the nearest luxury 4 star hotel to Dorney Lakes, Eton – The home of the Olympic rowing regatta in 2012.
Formerly a private residence, Oakley Court gained notoriety during the 1960s and 1970s thanks to its location next to the world famous Bray Studios. The building was used as a film set for several Hammer House of Horror films including Dracula, as well as being used as Frank N Furter’s castle in the cult classic Rocky Horror Picture Show. It was also used as the film set for St Trinian’s and more recently was home to several members of Team GB during the London 2012 Olympic Games.
Julian Troup, Head of UK Hotels Agency at Colliers International, the selling agent, commented: “We are absolutely delighted with the result of the process and the result that was achieved were beyond expectations. We were able to generate interest from around the globe and the structured process ensured delivery of a very favourable result.”
“This is further evidence of buyers being prepared to consider the real estate value and reflect potential in the offers that were submitted. There are some real signs of a more positive sentiment from hotel buyers and this is supported by a greater appetite from banks to support UK provincial hotel purchases.”
“This is a great end to the year and we are looking forward to an improving level of hotel transactional activity in 2014”