Property group Shepherd Cox has acquired its 16th hotel, the Jersey Arms near Bicester, Oxfordshire.
The 20-bedroom hotel was on the market for the first time in more than 30 years after the previous owners, Helen and Donald Livingston, decided to retire and sell the property, with offers of around £1m invited for the freehold.
Shepherd Cox has developed a group of assets worth £40m in sectors including healthcare, hotels, leisure, and residential, and mainly operates in the north of England. Its hotel portfolio includes more than 600 rooms across the country, with hotels such as the George hotel at Piercebridge, Allerton Court, the White Rose at Leeming Bar and the Grand hotel in Hartlepool.
The deal was brokered by Colliers International.
Peter Brunt, hotels director at Colliers International, said: "The Jersey Arms is perfectly placed for visitors heading for the Cotswolds or shoppers ready for a rest after a day at the nearby shopping outlet. Built as a Coaching Inn on a busy crossroads, the Jersey Arms offers the new owners an opportunity to drive much more food and beverage trade through the delightful public rooms.
"Our client owned the business for more than 30 years, and for many years focused upon bedroom trade as the main stay of the business. After such a good stint at the helm, retirement beckons, giving energetic new owners the opportunity to take the business forward."
Company director of Shepherd Cox Nick Carlile added: "We have properties all over the north of England but the Jersey Arms offers plenty of potential to build on a sound business. We plan to increase the number of rooms from 20 to around 25 by converting some of the meeting rooms and will look at adding another storey to the existing extension."
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