Hotel Agency sold the country house hotel on behalf of Jupiter Hotels
The Mercure Burton Upon Trent Newton Park Hotel has been sold off of a guide price of £2.2million to a new hotel company, Raky Hotels.
The deal for the 18th century country house in Newton Solney, which has operated under the Mercure brand, was arranged by specialist commercial real estate firm Colliers on behalf of Jupiter Hotels. The 50-bedroom Grade-II property which has been sympathetically extended over the years, includes bars, restaurants, lounges and five meeting or events rooms.
Situated within 4.75 acres of landscaped gardens, the hotel was previously a popular destination for domestic and overseas travellers, and with the pagoda and many of the rooms licensed for weddings it has been a popular venue for local residents as well.
Raghav Duggal, owner of Raky Hotels said: “We are delighted with our first UK hotel purchase and are excited to get going and take the hotel from strength to strength. This is the first of what we hope is many across the Midlands and are looking for other interesting propositions.”
The hotel is only 15 miles from East Midlands Airport as well as renowned tourist destinations such as Alton Towers, Chatsworth House and the Peak District.
Robert Smithson, associate director in Colliers’ Hotel Agency team said: “The Mercure Newton Park, Burton on Trent is a stunning country house hotel which was very popular prior to the pandemic and is expected to bounce back well as it benefits from a wide range of income streams from leisure to corporate and events. The level of interest in this asset once again highlights the popularity of hotels amongst investors despite recent global events. I wish Raghav the best of luck with this and his future endeavours.”