Luxury hotel part of £200m sell-off

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A PRESTIGIOUS hotel has been put on the market as part of multi million pound sell-off of venues after their holding company went into administration.

The Ickworth Hotel, in Horringer, is one of 26 hotels being marketed by agents Christie & Co on behalf of the administrators of von Essen Hotels Limited.

The collection is priced at about £200 million and the firm has received expressions of interest for the whole portfolio and ‘some of the high profile individual assets’.

A spokesman for Ernst and Young, which has appointed Alan Bloom, Chris Marsden and Angela Swarbrick as joint administrators, said it was ‘business as usual’ for the hotels, their staff and customers.

The hotels, which include castles and stately homes, have been classified in the sale as being of three types – classic, luxury family and country.

The Ickworth Hotel, based in the east wing of Ickworth House, near Bury St Edmunds, is billed as a ‘luxury, family friendly’ venue.

The hotel opened nine years ago and is set in 1,800 acres of National Trust parkland.

The east wing was home to the Hervey family for nearly 200 years but was passed on to the National Trust in lieu of death duties.

With 27 bedrooms, the hotel is known for blending a contemporary style with the traditions of a country house.

Chris Day, managing director of Christie & Co, said: “This collection of fine country house hotels offers a unique opportunity as a whole group or in parts to be added to similar hotel estates.

“Given the history and international reputation of these hotels we anticipate considerable interest from potential buyers who have already been in contact to try and secure some or all of this famous collection of hotels.”

Another hotel in the collection is Congham Hall, in Grimston, Norfolk.