The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

North Stoke: Famous Springs hotel to close

6 February 2014
Share
Hospitality-default

An Oxfordshire hotel once owned by Deep Purple lead singer Ian Gillan is to close.

Svenia and Paul Franklin, current owners of the Springs hotel at North Stoke, near Wallingford, blamed the cost of maintaining the building for the demise of the business.

The 32-bedroom hotel, which features a guitar-shaped swimming pool, will close in the autumn but the golf club at the site will continue to operate, according to reports.

Svenia Franklin said that the decision to close the hotel had not been taken lightly and was influenced by several factors.

“The hotel industry has struggled over the past few years,” she said. “We have persevered, but sadly it is a market in which we can no longer compete. Our costs are continuously increasing and one of the main factors is that we are working with a very old building whose condition is deteriorating."

Deep Purple singer Ian Gillan bought the mock Tudor building in 1973 for £100,000 and invested £443,000 of his own money into its restoration.

The Franklins bought the property in 1995.

 


Related articles

Latest Deal Ticket

view more

Upcoming events

view more
01
May

South Coast Property Forum: Networking Lunch

Ennios Ristorante
Southampton
More info
23
May

Thames Valley Tech Forum: Networking Drinks

Malmaison Hotel
Reading, RG1 1JX
More info
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles