Dawnay Shore Hotels has bought three properties from Furlong Hotels for £41m.
The hotels, the Lygon Arms in Broadway in the Cotswolds, Billesley Manor near Stratford-upon-Avon, and Combe Grove Manor near Bath, add 183 bedrooms to the group’s portfolio.
Howard Shore of Dawnay Shore Hotels, said:
“We are delighted to have acquired three further internationally regarded hotels which are highly complementary to our existing hotel portfolio.
“We see great potential to enhance these properties, including adding extra rooms.
“We also believe that the acquisition can enhance the image and drawing power of some of our other premium properties by creating a signature group within the chain.”
Dawnay Shore Hotels currently has 20 hotels in its portfolio.
Knight Frank and Christie & Co advised Furlong.
References: EGi News 12/12/05
