{"id":5362,"date":"2022-06-12T12:54:00","date_gmt":"2022-06-12T16:54:00","guid":{"rendered":"https:\/\/espacestudio.ca\/hotel-and-popular-wedding-venue-near-burton-is-sold\/"},"modified":"2022-06-12T12:54:00","modified_gmt":"2022-06-12T16:54:00","slug":"hotel-and-popular-wedding-venue-near-burton-is-sold","status":"publish","type":"post","link":"https:\/\/espacestudio.ca\/en\/hotel-and-popular-wedding-venue-near-burton-is-sold\/","title":{"rendered":"Hotel and popular wedding venue near Burton is sold"},"content":{"rendered":"

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The popular Newton Park Hotel has been sold for \u00a32.2million to a new hotel company called Raky Hotels. In October 2020 amid the coronavirus pandemic, Staffordshire Live revealed that the Mercure Newton Park Hotel,<\/a> in Newton Solney, was on the market for around \u00a32.2 million as owner and operator Jupiter Hotels focused “on other business interests”.<\/p>\n

It came just months after the picturesque venue had undergone a \u00a3150,000 refurbishment. A previous marketing report said the venue <\/a>could be used for residential, care or senior living accommodation instead of staying as a hotel should any new owners wish to change the use of the business.<\/p>\n

TOP STORY: Tributes to ‘kind’ Burton businessman who has died<\/a><\/b><\/p>\n

The four-star hotel was acquired by Jupiter in 2015 and in November 2019 the firm announced the venue had undergone a transformation, with 21 of the 50 bedrooms revamped. The bridal suite was “redesigned and upgraded” as part of the revamp.<\/p>\n

Newton Park Hotel<\/a> was one of three Jupiter Hotels put up for sale. The 50-bedroom Grade-II property which has been extended over the years and includes bars, restaurants, lounges and five meeting or events rooms.<\/p>\n

Newton Park Hotel is set in around eight acres of grounds and is one of the area’s most highly regarded wedding and events and tourist venues.<\/p>\n

Raghav Duggal, owner of Raky Hotels, said: “We are delighted with our first UK hotel purchase and are excited to get going and take the hotel from strength to strength. This is the first of what we hope is many across the Midlands and are looking for other interesting propositions.\u201d <\/p>\n

Robert Smithson, associate director in Colliers\u2019 Hotel Agency team said: \u201cThe Mercure Newton Park is a stunning country house hotel which was very popular prior to the pandemic and is expected to bounce back well as it benefits from a wide range of income streams from leisure to corporate and events. <\/p>\n

“The level of interest in this asset once again highlights the popularity of hotels among investors despite recent global events. I wish Raghav the best of luck with this and his future endeavours.\u201d <\/p>\n

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