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Off market sale of Gloucestershire Hotel and Golf Course

12.30am 4th March 2005 - Property

The Gloucestershire Hotel and Golf Course, situated in 221 acres of the Tracy Park Estate in Wick, near Bath, has been sold to the hotelier Simon Lowe, the owner of Fawsley Hall, for an undisclosed sum by the private owner Ian Knipe.
The Gloucestershire, which dates back to the 11th century, has 18 en-suite bedrooms and two 18 hole golf courses: The Crown Course and The Cromwell Course.
Commenting on the acquisition Simon Lowe said, “The Park, as it has been renamed, is a fine Jacobean house in a beautiful parkland setting. Our two championship 18 hole golf courses are arguably the finest in the region. We will submit a planning application in the next few weeks proposing to create a resort comprising the two golf courses, a substantial modern spa, several new restaurants, a cinema and brand new golf facilities. We hope this will be completed some time in late 2006.
“We will completely refurbish The Manor, which dates back to the 18th century and will reopen this autumn to become a dedicated wedding facility, licensed for civil ceremonies. All existing bedrooms are also going to be refurbished.”
Ian Knipe, previous owner of The Gloucestershire said, “I have sold The Gloucestershire because the new owners are going to put a substantial investment into the club which will benefit the members and the area as a whole. I wish the new owners and staff every success in the future.”
Dominic Mayes, partner, Hotels Department of the selling agent Knight Frank, who brokered the off-market transaction, commented, “The Estate was sold with no overt marketing whatsoever to protect the continuity of the existing business. The Gloucestershire Hotel and Golf Course will no doubt become a landmark leisure destination under the guidance of Simon Lowe and his team”
The Park www.tpresort.com
Knight Frank www.knightfrank.com

       

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