Business News

Hedge End: Botleigh Grange administrators look for buyer

Published by
TBM Team

Neil Bennett and Andrew Duncan, directors at Leonard Curtis Business Solutions Group, were appointed by MSP Capital, one of the largest property financiers in southern England, as joint administrators to Botleigh Grange on 13 January.

Botleigh Grange is an established hotel with 55 bedrooms, five function rooms, a restaurant and a bar that is located in Hedge End, a suburb of Southampton.

Until its recent closure, the hotel was run by Addison Way and generated sales for the year ending May 2019 of £1.78 million, excluding VAT. However, trading was affected by some negative press, recently reporting on health and safety issues at the hotel and spa.

The independent hotel, which is a former country house constructed in the 17th Century, is being sold by the joint administrators through the commercial property consultants Lambert Smith Hampton in Southampton. A number of parties have expressed an interest in the property  as they see the potential to grow and generate revenue from a range of income streams such as accommodation, food and drink, conference and banqueting, leisure and spa breaks.

Neil Bennett, director at Leonard Curtis Business Solutions Group, said: “We aim to conclude the sale of Botleigh Grange to a buyer that will be in a position to reopen the hotel in a short timeframe. The property has attracted a high level of interest, and a potential buyer will be exploring the possibility of honouring the future events booked at the hotel.”

TBM Team

Recent Posts

Nominations deadline extended for the Thames Valley Tech & Innovation Awards 2024

As interest in the awards remains high, we’ve decided to extend the time left to…

2 days ago

Podcast: the key role of the property industry in driving sustainable change

Welcome to the third episode of The Business Magazine Property Podcast, in partnership with MSP…

2 days ago

Gamma Aviation partners with Australian drone technology company

Farnborough-based Gama Aviation has announced a tie up with Australian outfit Department 13 to mitigate…

3 days ago

Heathrow reports record breaking passenger numbers

Heathrow Airport has reported record-breaking passenger numbers for the first quarter of 2024, A total…

3 days ago

Biopharma firm ANGLE signs supplier deal with AstraZeneca

Liquid biopsy company ANGLE has signed a supplier agreement with AstraZeneca. The Guildford firm has…

3 days ago

Blandy & Blandy appoints new partner to dispute resolution team

Thames Valley law firm Blandy & Blandy, which has offices in Reading, Henley-on-Thames and Wokingham,…

3 days ago