The family-run company that owns Peckforton Castle in Cheshire has purchased the nearby Nunsmere Hall for £5.35m.
Highwater Estates have promised 'significant investment’ as they look to breathe fresh life into one of the county’s most celebrated manor houses.
The sale comes after Nunsmere Hall’s previous owners, Prima Hotels, went into administration in May, resulting in the sale of three of their other properties in England - The Stanneylands Hotel, in Wilmslow, Cheshire, Hellaby Hall Hotel, in Rotherham, South Yorks, and The Quorn Country Hotel in Leicestershire.
And now Highwater’s Chris Naylor, managing director of Peckforton Castle, says he is planning a tasteful and unobtrusive revamp of the eye-catching Edwardian, lake-fringed estate, located near Northwich .
He said: “We're very proud to take over such an historic building. Nunsmere Hall has huge potential and we’re all extremely excited.
"Having spent ten years building a very successful hotel with Peckforton Castle, we’re confident we can transform Nunsmere Hall too.
“Our Peckforton business model is fully transferable to Nunsmere and we have ambitious plans to make improvements.
“We’ll be investing in order to enhance the property's already-significant appeal, focusing on making the interiors look less tired while avoiding any major construction work or disruption to guests.
“Simply put, we want to give Nunsmere the tender loving care it deserves. And we also want the property to be a big contributor to the local economy in terms of both jobs and local suppliers.”
Tarporley High School students chose Peckforton Castle for their 2015 sixth form prom.
Built in 1900, Nunsmere Hall sits in ten acres of manicured gardens and is bounded on three sides by a 60 acre lake.
With 36 individually-designed bedrooms, plus a 2 rosette restaurant, impressive conference and events facilities, it’s billed as the ultimate ‘romantic’ wedding venue.
There are only 67 hotels in the whole of the UK to be awarded four red stars and there are just two in Cheshire.
Meanwhile the Naylor family - husband and wife duo Chris and Kate, parents Tony and Gina, and brother Matthew - have a proven track record in restoring the fortunes of once-great properties - and in overcoming extreme adversity.
When they bought Peckforton Castle in 2007, it was in great need of a make-over and was generating a loss of £700,000-a-year. A fire damaged the castle in 2011 but the Naylors were soon back in business.
With the Naylors having invested £7m in the Grade 1 listed building since then, it’s now one of the most popular venues in the north west.
Chris said: "We see huge potential in Nunsmere Hall, just as we did with Peckforton Castle and we are looking forward to actioning our plans for the property.”
Instructed by administrators AlixPartners, estate agents Savills brought the four Prima Hotels in England to market, inviting offers in excess of£18m for the portfolio.
Legacy Hotels and Resorts has been running the Prima Hotels group on behalf of the administrators.
The Nunsmere deal was also brought together by Hugh Anderson at Highwater’s lead commercial property consultants Lambert Smith Hampton, Manchester, Rick Payne at accountancy firm Bennett Brooks, Northwich, and Simon Edwards at Aaron & Partners, Chester.
And the acquisition will also see Matthew Naylor, sales & marketing director, and Michael Auld, general manager of Peckforton Castle, being made shareholders,