Grade one listed Stoke Rochford hotel is put up for sale
Stoke Rochford Hall near Grantham has been put up for sale.
Talash Hotels Group, who own the 97 bedroom grade one listed hotel, has put its entire portfolio of nine hotels up for sale, with a guide price of offers in excess of £29.5m.
The Leamington Spa-based group, owned by brothers and business partners Sanjay and Ravi Kathuria, originally bought the lease for the hotel in 2016 for an undisclosed sum.
They spoke of their plans to transform the historic venue and put Stoke Rochford hotel ‘back on the map’ but have now appointed JLL to sell its nine regional hotels.
Ravi Kathuria was speaking of their plans for the future at the annual Hotel Conference in Manchester on Thursday.
The brothers acquired their first hotel in 2007 and are now looking to focus on other business ventures following the sale.
Ravi Kathuria, CEO of Talash Hotels, said: “The Talash Hotel portfolio is a business that has been built up by myself and my brother Sanjay over the last 12 years and it has truly been a privilege to own such great hotels which have created an incredible journey. We have decided to continue to pursue our other business interests.
“Our hotels give an incoming buyer a value-add opportunity and are ready to be taken to the next platform to realise their full potential.”
Gavin Wright, director of JLL Hotels & Hospitality, said: “We are delighted to present to the market Talash Group’s portfolio of hotels.
“All nine properties provide an incoming purchaser a variety of asset management and significant value-add opportunities.
“With a value of circa £45,000 per bedroom for the portfolio we anticipate high levels of interest from a range of domestic and overseas investors.”
More by this authorTracey Davies