Hand Picked Hotels acquires the Grand Jersey hotel and spa for £15m
Hand Picked Hotels has acquired the Grand Jersey hotel and spa in St Helier for an estimated £15m.
The hotel, which overlooks St Aubin's Bay in Jersey, was purchased from RBS Real Estate Asset Management.
The acquisition takes the group's estate to 21 hotels. This includes the Fawsley Hotel & Spa in Northamptonshire and St Pierre Park Hotel & Golf Resort in Guernsey, which were purchased last year and Bailbrook House Hotel in Bath, bought in 2012.
The 123 bedroom, five-star Grand Jersey hotel and spa had been on the market through Savills with a guide price of £15m. It's Tassili restaurant holds a Michelin star, while its business centre includes a with private cinema, meeting rooms and events space.
Julia Hands, who formed Hand Picked Hotels in 2001 with her husband, financier Guy Hands, said: "The acquisition of Grand Jersey hotel and spa underlines our commitment to Hand Picked Hotels.
"We have seen the potential for increased corporate and conference business across the Channel Islands, with strong demand from clients in London and other feeder cities throughout the UK. Grand Jersey will enable us to attract conference and corporate business which tends to focus on St Helier, while L'Horizon Hotel & Spa at St Brelade's Bay appeals to a more leisure-oriented audience.
"We have recently spent £1m on the development of a large Spa at L'Horizon to position it as a year-round destination. We are also planning an extensive redevelopment programme at St Pierre Park Hotel & Golf Resort as the leading resort in the Channel Islands."
