Date: September 2018
Location: Chipping Camden, Cotswolds, UK
Name: The Three Ways House Hotel – three star
No. of Keys: 48
Seller: Simon & Jill Coombe, who are going to retire. The couple bought the property more than 20 years ago, and during that time have successfully built up the reputation of the business, which has become known as the home of the world famous ‘Pudding Club’.
Buyer: UK-based hospitality investment business, Shepherd Cox.
The sale of the Cotswolds hotel was negotiated by the hotels team at commercial property consultancy Lambert Smith Hampton.
Commenting, LSH director Simon Stevens, who handled the sale, said: “Three Ways House Hotel is a great fit for Shepherd Cox‘s expanding portfolio.
The hotel is an exceptional example of a well-managed and profitable business that had been considerately developed into a destination hotel in a well established location, just ten minutes drive from Stratford upon Avon.”
Shepherd Cox made a recent purchase of nearby Wroxton House Hotel.
Nick Carlile, co-founder and director at Shepherd Cox, said: “We are pleased with this addition to our expanding hotel portfolio. Three Ways House is a high profile business that will undoubtedly prove to be a key part of our on-going success and future expansion plans.”
Shepherd Cox has developed a diversified group of assets worth £40m in sectors including healthcare, hotels, leisure, and residential. Working in partnership with over 150 investors and financial institutes from around the world including UK, Singapore, Taiwan, Hong Kong, Switzerland, Sydney, Beijing and New York.
In the past 36 months, Shepherd Cox has successfully sold and completed 230 units totalling £16.5 million within the hotel room investment sector.
Their room investment/hotels (care homes and apartments) include The Best Western Grand in Hartlepool, Hallgarth Manor in Durham, Holiday Inn Chester and many others.
THPT Comment: Room investment has had a slightly checkered career thus far, but Signature Living by Lawrence Kenwright and now Shepherd Cox seem to be making a success of it.
First Seen: Boutique Hotelier