St James’s Hotel Group, a wholly owned unit of the privately held Somerston Group, has acquired The Legacy Falcon hotel in Stratford-upon-Avon, UK from the administrators of Noblelarge Limited, Grant Thornton.
St James’s Hotel Group, a wholly owned unit of the privately held Somerston Group, has acquired The Legacy Falcon hotel in Stratford-upon-Avon, UK from the administrators of Noblelarge Limited, Grant Thornton.
Financial details were not disclosed.
The four-star hotel, with a frontage dating back to the late 15th century, is situated in Chapel Street close to the Royal Shakespeare Theatre. It provides 83 bedrooms, seven meeting rooms, two restaurants, two bars and parking for 120 cars.
St James’s intends to invest up to £6 mln (€7 mln) to completely refurbish the hotel, which was previously managed by Legacy Hotels.
Shaun Robinson, managing director of St James’s, commented: 'The hotel has suffered from a lack of capital investment over the past few years but, with a combination of some significant refurbishment, rebranding and committed management, we are confident of returning it to its former glory.'
St James’s was established by the Somerston Group earlier this year and in March acquired the Forestdale portfolio of 14 unbranded, three-star hotels across England.
St James’s has also recently acquired the 119-bed, Hilton Hotel in Portsmouth, in which it will be investing £4 mln to convert it into a 150 bed ‘limited service’ hotel which will, on completion, operate under the Holiday Inn express brand.