Somani Resorts acquires the Aubrey Park Resort

UK: International property advisor Knight Frank has accomplished the sale of Aubrey Park Hotel close to St. Albans to Somani Resorts Restricted for an undisclosed sum.

Initially an 18th century farmhouse, Aubrey Park now presents 137 en-suite bedrooms, a restaurant, six assembly rooms, a convention facility, and health house. The grounds additionally embody a six acre meadow and a landscaped backyard accessible for occasion rent.

The transaction marks the second resort Knight Frank has offered to the Somani following the current acquisition of the 44-room One Mill Avenue in Luton. The corporate additionally owns The Bell Resort in Epping.

Hassan of Somani Holdings stated:We’re delighted to have accomplished this transaction as strategically, Aubrey suits very properly with our current resort portfolio. We’re happy to welcome the superb staff on the resort, expertly led by Rafael Gonzalez, to our group and we stay up for investing within the resort and workers while creating the enterprise additional.”

Henry Jackson, head of Resorts at Knight Frank, added: “This transaction was an instance of sensible teamwork attaining in extra of the information value and in a well timed method. We acquired a number of presents for the resort as traders have been attracted by the potential repositioning and re-branding alternatives, and the enticing location so near London. We’re excited to see how the staff develop the resort over the approaching years.

“During the last month, the Knight Frank motels staff have concluded in extra of £42 million in resort gross sales. With a strong pipeline of transactions in legals, 2023 is demonstrating the demand from traders trying to deploy capital into the resort sector.”