Global property adviser Knight Frank has completed the sale of Wyck Hill House Hotel & Spa, on behalf of investors, to Fidera Vecta and Weight Partners Capital, off a guide price of £7.5m.
Wyck Hill House Hotel is a historic country house hotel which is Grade II listed and dates back to the eighteenth century. Situated in the Northeast corner of the county of Gloucestershire, the property is located in a highly sought-after location close to Stow-on-the-Wold and in the heart of the Cotswolds, an Area of Outstanding Natural Beauty.
Set within approximately 50 acres and comprising 60 en suite bedrooms, a purpose-built spa and a restaurant, the hotel caters for a mix of commercial and leisure travel.
Stow-on-the-Wold is a popular market town whilst The Cotswolds are a renowned tourist destination, attracting approximately 23 million visitors annually. There are a number of tourist attractions in the local area including award-winning and world-famous Daylesford farm shop, Cheltenham racecourse, and Blenheim Palace.
Wyck Hill House Hotel is situated on the A424, a short distance from the A429 which leads directly through the Cotswolds, with access to both the M40 and M5 motorways and Kingham railway station, which is situated five miles from the hotel, provides direct trains every hour to London Paddington.
Henry Jackson, Head of Hotel Agency and Partner at Knight Frank, commented: “The transactional momentum we witnessed in Q4 2021 has continued into 2022 and the sale of Wyck Hill House Hotel demonstrates this. Regional hotel operators are reporting positive forward bookings and it is great to see Weight Partners Capital, who are a new entrant, investing into the hotel market, further demonstrating the appeal of the sector. The new owners are looking to carry out a substantial refurbishment programme that will build on this well-known and popular hotel.”
Jim Weight, Managing Partner at Weight Partners Capital, commented: “Wyck Hill House is a fantastic acquisition for us that offers tremendous potential to capitalise on the popular staycation market. We have substantial plans to redevelop the property and are looking forward to taking this property to the next phase of its role as a popular Cotswolds hotel and destination. Weight Partners Capital is excited to continue the partnership with Fidera Vecta through our second investment in Wyck Hill House together.”
Knight Frank is active in the transactional hotel sector and is launching over £150m of hotel assets to the market over the next month which will further stimulate transactional activity, having recently completed a string of deals including the sale of Barnsley House Hotel, Brooks Hotel Edinburgh and Luton Hoo Hotel, Golf & Spa.
