The Best Western Plus Orton Hall Hotel & Spa, in Peterborough, Cambridgeshire, has been sold off an asking price of £5.95m.
Acting on behalf of Abacus Hotels, Colliers has sold the 70-bedroom hotel for an undisclosed sum to Ravi Takhar (Art Hotels); a private investor whose portfolio includes hotel and healthcare interests.
Paul Barrasford, Director in the Hotels Agency team at Colliers, who handled the sale, commented: “Orton Hall is a spectacular hotel in a great trading location. The new owners are experienced hoteliers and the property will continue to trade as a hotel. It will be exciting to see how they take the business forward.”
Set in over 20 acres of mature parkland, Orton Hall is a handsome Grade II listed manor house that dates back in part to the 16th century, and was once the seat of the Marquess of Huntly, George Gordon, of the family synonymous with the Gordon’s Gin brand.
Converted in the early nineties, it is one of the area’s most popular hotels, especially for weddings and events, with baronial event rooms, a conservatory, its own pub - The Ramblewood Inn - and a spa with swimming pool, jacuzzi, sauna, steam room and four treatment rooms.
Abacus Hotels took the decision to sell Orton Hall in order to focus on its other hotels: the Le Strange Arms Hotel and Knights Hill Hotel & Spa, which are both in Norfolk.
Paul Barrasford added: “Cleary, there’s some way to go before things get back to normal for all hotels. However, the 17th of May when all hotels can reopen isn’t that far away and pent-up consumer demand is massive. Combine this with the confidence boost of the vaccination rollout and easing of restrictions and the future is looking much brighter than the worst case scenarios some feared this time last year.
“There’s more transactional activity than many might think and in 2020 the Hotels Agency team at Colliers sold around 50 hotels across the UK. This was down from the 90 we sold in 2019 but still a notable performance given the challenges created by the pandemic. This year has started strongly and we expect the sector to continue its rebound, both operationally and transactionally.”