Bredbury Hall saved from administration: Golam Sarwar, a Bangladeshi businessman who owns Dhaka’s five-star Hotel Sarina, has bought Bredbury Hall from administration in a multi-million pound transaction.
Two hundred and fifty jobs will be saved as the Stockport country club undergoes a £1m upgrade in the anticipation it will then be purchased by a major chain.
Sarwar said: “Bredbury Hall is an ideal choice for our first UK investment. It has an excellent location, close to Manchester Airport and with motorway links to the major northern cities. There is huge potential to redevelop and return it to its former status as a premier venue.
“Our immediate plans include refurbishing the bedrooms, the nightclub, and the central lounge and reception to create a meeting hub and a unique space for all-day dining. Then in 2016 we will introduce leisure and spa facilities.
“Ultimately Bredbury Hall will become the flagship of a group of hotels, built though a rolling acquisition process over the next five years.”
Bredbury Hall opened in 1812, and has played host to entertainers such a Shirley Bassey. Douglas Firkin-Flood, rumoured to have been part of Manchester’s Quality Street Gang in the 60s and 70s, had owned it until he died in 2001. After a £14m High Court battle between three Flood siblings for its ownership in 2010, Bredbury Hall entered administration in 2014.
The hotel continued to trade, and has now had Sarwar appoint Onecall Hospitality to operate it on a three-year rolling contract.
Director of Onecall Mark Chambers commented: “We will be leading the redevelopment of this iconic hotel with the aim of reinstating it as a premier north-west destination. The key to the success of any hotel is to provide excellent guest service. We shall be introducing our unique customer-focused quality assurance programmes, as well as developing a broad range of new products and services.
“The acquisition demonstrates the growing interest from overseas investors in the regional hospitality market. Many are keen to invest in the UK but feel London is overpriced and areas like the north offer better value and potential returns. This is the third acquisition we have advised on this year and we have other investors seeking properties in key locations from Birmingham to Edinburgh.”
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