Neil Bennett and Andrew Duncan, directors at Leonard Curtis Business Solutions Group, were appointed by MSP Capital, one of the largest property financiers in southern England, as joint administrators to Botleigh Grange on 13 January.
Botleigh Grange is an established hotel with 55 bedrooms, five function rooms, a restaurant and a bar that is located in Hedge End, a suburb of Southampton.
Until its recent closure, the hotel was run by Addison Way and generated sales for the year ending May 2019 of £1.78 million, excluding VAT. However, trading was affected by some negative press, recently reporting on health and safety issues at the hotel and spa.
The independent hotel, which is a former country house constructed in the 17th Century, is being sold by the joint administrators through the commercial property consultants Lambert Smith Hampton in Southampton. A number of parties have expressed an interest in the property as they see the potential to grow and generate revenue from a range of income streams such as accommodation, food and drink, conference and banqueting, leisure and spa breaks.
Neil Bennett, director at Leonard Curtis Business Solutions Group, said: “We aim to conclude the sale of Botleigh Grange to a buyer that will be in a position to reopen the hotel in a short timeframe. The property has attracted a high level of interest, and a potential buyer will be exploring the possibility of honouring the future events booked at the hotel.”