Bowling Green Asset Management (BAGM) has bought its second branded hotel of the year, the 103-room Holiday Inn Stonehenge for £12.5m.
The hotel was sold by Colliers International’s Hotels Agency team on behalf of the off-shore based Fiesta Enterprises Ltd.
This luxury hotel is situated 6 miles from the Stonehenge UNESCO world heritage site and benefits from newly refurbished accommodation and the acclaimed onsite Solstice Bar and Grill.
BGAM will be looking at various asset management opportunities on site, whilst continuing the good work of the previous owner. BGAM will also be keeping the current senior management team, as well as all current employees.
BGAM directors Jamie Levy & Nicholas Rubin said, “This hotel has been a target of ours for some time, so we are pleased to complete the purchase.
'The hotel has been run on a sound footing previously and we have no intention of upsetting the applecart. Many of the staff have been with the hotel for a number of years and we hope they remain with us for the foreseeable future.
'We will be looking to expand the hotel offerings, along with continuing the hunt for potential acquisitions”.