UK: The 40-bedroom Ripon Spa Hotel in North Yorkshire has been acquired by The Inn Collection Group for an undisclosed sum, off a guide price of £1.5 million.
Located in Ripon upon six acres of gardens, The Ripon Spa Hotel features a ballroom, terrace bar, and the self-contained Turf Tavern Bar Bistro.
The hotel will remain closed while a refurbishment is carried out. It marks the fourth site in Yorkshire for the collection.
Sean Donkin, managing director of The Inn Collection Group, said: “The Ripon Spa is a fantastic addition to our portfolio of properties. It has huge potential which we have an exciting vision to realise. We’re looking forward to starting that journey while expanding the group’s footprint in Yorkshire.”
“The Inn Collection Group excels at revitalising classic, landmark sites like The Ripon Spa and realising their full potential with significant capital spend, detailed planning and care to retain the unique, historic character of landmark sites such as this,” Donkin added.
Julian Troup, head of UK Hotels Agency at Colliers, said: “This sale marks a new chapter in the history of The Ripon Spa Hotel, and I look forward to seeing this renowned Yorkshire hotel benefitting from the high-quality of refurbishment for which The Inn Collection Group is synonymous.
Troup continued: “There has been a noticeable change of mood in recent months among potential hotel purchasers. Activity has significantly increased, and The Ripon Spa Hotel attracted a good deal of interest from a diverse range of buyers before being secured by The Inn Collection Group.”
Due diligence on the acquisition was carried out by Ward Hadaway corporate partner Imogen Holland.
Last week, The Inn Collection Group appointed operations director David Campbell to oversee the group’s portfolio which now totals 24 sites.
