Kaleidoscope Collection acquires Bishopstrow Hotel

Bishopstrow Hotel & Spa has been sold to the owners of Kaleidoscope Collection

Bishopstrow Hotel & Spa

UK: The Bishopstrow Hotel & Spa near Warminster, Wiltshire, has been sold by Knight Frank to Ian and Christa Taylor of the Kaleidoscope Collection, off a guide price of £5.5 million.

The 19th Century country house offers 32 bedrooms, a spa with indoor and outdoor heated swimming pools, a library, meeting rooms and a two rosette restaurant. It sits on 27 acres of gardens and grounds.

Bishopstrow will join two other properties in the Kaleidoscope Collection: Bath, the Bird and Homewood. 

Ian Taylor said: “The hospitality sector has arguably been harder than any other both within the local and national economy, but it has the potential to bounce back stronger than ever before. We understand that there was significant interest in Bishopstrow Hotel & Spa from investors both in terms of its prestigious heritage and a spike in the staycation market as a direct consequence of the pandemic. We are delighted to be the new owners of this renowned hotel and excited about its future potential.”

Mark  Bevan  will continue in his role as general manager – a post he has held for three years. He said: “Bishopstrow  has been through a number of changes in recent years. But  under the ownership of Ian and Christa Taylor with co-investor Jonathan Walker,  and the creative vision they have for the hotel  over  the next few  months and beyond, there is optimism  and a sense of excitement for  what lies ahead.”

Knight Frank acted on behalf of joint administrators from Kroll Advisory Ltd.

James Liddiment managing director of Kroll, said: “The joint administrators wish Kaleidoscope Collection every success in taking Bishopstrow Hotel & Spa forward under new ownership, no doubt leveraging the immediate popularity of country hotels as the government restrictions ease. We are particularly pleased to have preserved the employment of the hotel team during the period of administration, with staff transferring to the purchaser upon completion of the sale, and to have strategically maximised the outcome by way of the sale of the business and assets as a going concern.”

Matthew Smith, partner in the hotels team at Knight Frank, said: “This impressive country house hotel is the perfect addition to Ian and Christa Taylor’s existing portfolio of hotels in Bath, and will no doubt be a popular destination for those looking for UK holiday’s this year.

He added: “Since the easing of restrictions, UK hoteliers, particularly in country locations such as Wiltshire, have seen occupancy rates climb. With hotels now allowed to reopen to all guests, we have seen a strong uplift in trading performance, exceeding many hotel owners’ expectations, with total revenue per available room increasing by over 80 per cent across all regional UK hotels for the month of May. Whilst coast and country destinations will continue to perform strongly, we also envisage the return of short-breaks to popular tourist UK city destinations.”

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