4 July 2024
The Hotels and Leisure Division of Goadsby Commercial have successfully concluded the sales of the Durley Grange Hotel and Hotel Celebrity, following ownerships of 17 years and 26 years respectively.
Owned by a London based businessman and sold off an original quoting price of £2.5 million, the Durley Grange comprises 52 en-suite letting bedrooms, associated public areas and an indoor leisure suite including a sauna, jacuzzi and heated swimming pool. Attracting offers from hoteliers, investors and residential developers, the hotel was ultimately purchased by an established serviced accommodation developer and provider, adding this latest project to their fast-expanding portfolio.
The 59 bedroom Hotel Celebrity was uniquely themed, each letting room named after a celebrity from the field of film, music or sport reflecting its past entertainment connections, being the childhood home of comedian Tony Hancock whilst regularly welcoming artists performing at the Pavilion and Winter Gardens theatres. The hotel remains the home of Rubyz Cabaret Club and has itself featured recently on Channel 5’s The Hotel Inspector with Alex Polizzi. It becomes the most recent addition to the Leicestershire based Cashmere Hotels Group, who have ambitious plans for the hotel going forward.
Divisional director, Ian Palmer, commented, “Hotel sales are incredibly challenging to achieve in the current climate, notwithstanding a lack of appetite in the sector from the mainstream lending institutions. However, as the agent chosen to act for each of the outgoing owners, Goadsby was firmly committed to achieving a successful outcome for both albeit, and as is typically the case, it was not an entirely smooth journey along the way. I was very pleased we got them over the line in the end!”.