Topland Group, one of the largest privately owned international investment groups is pleased to announce the purchase of the stunning Royal Crescent Hotel in Bath.
The Grade I-listed exclusive hotel is steeped in history and is one of the world's most widely recognized architectural landmarks. The hotel, located in the heart of the Crescent is the epitome of elegance and has a reputation as one of the world's finest, providing fine hospitality in an unrivalled setting. It offers 29 individually appointed bedrooms together with 16 suites and the luxury Bath Spa House.
Topland has acquired the hotel from the Administrators of von Essen. Topland will be appointing Vision Asset Management Limited, to manage the operations of the hotel on its behalf.
Sol Zakay, Group Chairman, commented: "We are delighted to include this truly exceptional luxury hotel in our ever expanding hotel portfolio. Once again Topland has utilized its war chest to 'purchase for cash' and will continue to do so in order to expand its portfolio in the coming months."
Topland was advised by Osborne Clark while the Administrators to von Essen, partners in Ernst & Young LLP, were advised by SNR Denton.