UK: Hospitality firm Rambler Group Holdings has acquired The Oaks Resort & Leisure Membership in Burnley for an undisclosed quantity.
The property, initially listed for provides round £1.8 million, was marketed by Colliers’ Inns crew.
Relationship again to 1885, The Oaks Resort is a 51-bedroom interval property set inside 3.5 acres. It features a leisure membership, occasion and assembly areas, and the Quills restaurant.
Positioned in Reedley, the lodge overlooks Pendle Hill and is minutes from the M65, with transport hyperlinks to Manchester and Leeds.
Lavender Inns bought the property to launch capital for reinvestment in its remaining belongings. Rambler Group, based mostly domestically, plans to combine the lodge into its Aura Inns portfolio.
Future funding plans embody visitor room refurbishment, enlargement of the leisure membership, new eating choices, and the launch of wellness providers.
Rambler Group intends to retain the property’s historic character whereas upgrading amenities.
Authorized and advisory assist was offered by Harrison Drury for the vendor and Onecall Hospitality for the customer.
Jonathon Butterworth, managing director at Lavender Inns, stated: “The choice to promote The Oaks Resort was a strategic one, enabling us to launch fairness from the sale to reinvest into the opposite inns in our portfolio.”
Qasim Ahmed, Rambler Group Holdings CEO stated: “We’re excited to welcome The Oaks Resort & Leisure Membership into our Aura Inns portfolio. The lodge’s heritage and dependable buyer base, mixed with its operational energy, make it a improbable acquisition. As a neighborhood Firm, we’re enthusiastic in regards to the potential to spend money on the property and proceed constructing on its success. Our imaginative and prescient is to reinforce the visitor expertise whereas staying true to the character that makes The Oaks so particular.”
Highlights:
- Rambler Group Holdings has acquired The Oaks Resort & Leisure Membership in Burnley.
- The property was beforehand marketed at provides within the area of £1.8 million.
- The lodge has been working as a 51-room facility with a leisure membership and occasions area.
