Shrigley Hall changes hands

The Hotel Collection, represented by Savills, has sold Shrigley Hall Hotel, Golf & Country Club in Pott Shrigley near Macclesfield to a private investor.

The property was the last remaining asset in a 10-strong portfolio of regional UK hotels, known as Project Solstice, which came to market for a combined guide price in excess of £130m last year.

The grade two star-listed country house hotel in 262 acres of private grounds features 148 bedrooms, with restaurant, bar, health club, 18 hole-golf course and 13 meeting rooms.

Martin Rogers, head of UK hotel transactions at Savills, said: “This deal is of particular significance as it brings the sale of the high profile Project Solstice portfolio to a close. The UK hotel market has had a strong start to 2017 with high levels of demand from both overseas and domestic investors. We expect the second half of the year to be equally robust.”

Tom Cunningham, hotels director at Savills Manchester, added: “The hotel market in the North of England is particularly attractive to investors due to the prices and returns available.  With multiple income streams and a strong corporate and leisure trade, Shrigley Hall appealed to numerous different investor types. We are pleased with the excellent result achieved on behalf of our client.”