Topland Group has confirmed its purchase of the Royal Crescent Hotel in Bath from the administrator acting for von Essen Hotels.
The Grade I-listed hotel, which comprises 29 bedrooms and 16 suites, is understood to have been bought for close to £19m.
Topland will be appointing Vision Asset Management to manage the hotel.
Sol Zakay, Topland Group chairman, said: “Once again Topland has utilised its war chest to ‘purchase for cash’ and will continue to do so in order to expand its portfolio in the coming months.”
Christie + Co advised Ernst & Young.
annabel.dixon@estatesgazette.com
