North East based Ailantus Hotels expand portfolio16/05/2016
Newcastle Law Firm Mincoffs Solicitors have advised on a multi-million pound deal which saw North East based hotel group Ailantus expand its portfolio with the acquisition of the Mercure Manchester Norton Grange Hotel and Spa in Rochdale.
The 81 bedroom, 4 star hotel is set in its own landscaped grounds and is situated 8 miles from Manchester city centre.
The £19M turnover hotel chain includes in the North East, the George Washington Hotel, which has recently undergone extensive refurbishment including Washington’s newest dining experience, Carter & Fitch Smokehouse Pizzeria Bar offering a contemporary and vibrant dining experience. Other hotels based in the region are the Holiday Inn Gosforth Park, Newcastle and the Quality Hotel Boldon, Sunderland, both of which have also undergone major refurbishment in recent times. The Holiday Inn Gosforth Park was also recently recognised for the ‘most improved service standards’ in the European Intercontinental Hotel Group.
This latest acquisition boots Ailantus Hotel’s presence in the North West. Other hotels in the group include Mere Court Hotel, set in the heart of Cheshire, Best Western Smokies Park in Oldham and Craigland Hotel in Ilkley.
Mercure Manchester Norton Grange Hotel and Spa includes 11 meeting rooms accommodating up to 220 guests and spa facilities including a full length swimming pool, a full wet facilities suite including an array of steam rooms, saunas, a Jacuzzi bath opening on to a terrace and a full spa suite consisting of 6 treatment rooms and a relaxation room.
Neel Chawla, Director of Ailantus Hotels said “We are delighted to acquire the Mercure Manchester Norton Grange Hotel and Spa, the newest addition to our high quality suite of hotels. The acquisition will allow us to further enhance our reputation in the North West hotel sector”.
John Nicholson said “This acquisition is a great strategic fit for Ailantus and I’m sure that they can bring further improvements to the hotel, as they have for others in the group. We have worked with Ailantus Hotels for over a decade and are very pleased to act in yet another significant deal”.