September 30, 2022

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AG Hotels expands portfolio with Manchester acquisition | Article

AG Hotels expands portfolio with Manchester acquisition | Article

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AG Lodges has announced it has expanded its supplying with the acquisition of the The Pinewood on Wilmslow Resort off a guidebook price tag of £5.5m.

The resort was marketed by its present-day homeowners the Alexander spouse and children, who owned and operated the small business for approaching 11 yrs.

The resort is located shut to the affluent place of Wilmslow and close to Manchester Intercontinental Airport, and has traded effectively subsequent the “heavy investment” undertaken by the sellers.

The lodge provides 89 en-suite permitting bedrooms, 1 Eighty Restaurant Bar and Lounge (70 addresses) and an “extensive range” of convention and operate facilities – the greatest of which being the Cheshire Suite for up to 140 persons – all standing in a web page extending to in excess of 2.5 acres.

The deal was brokered by Julian Troup, head of Uk hotels company at Colliers, who explained the sale reflected “continuing robust demand from customers for top quality hotel lodging from both of those abroad and domestic buyers”.

Girish Grover, CEO AG Lodges, mentioned: “We are delighted with our acquisition of the Pinewood on Wilmslow Hotel and have thrilling options to invest in the long term growth of its company.”

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