A private investor has acquired the 140-bed Sporting Lodge Inn south of Middlesbrough town centre in an off-market deal for an undisclosed price.
The hotel features an open-plan reception, bar and 180-cover restaurant, a banqueting suite for up to 250 guests, and a meeting room for 30 delegates.
The site also includes a fully equipped leisure club featuring a gym, 25m swimming pool and wellness facilities.
The current owners have operated the business since 2004 and are now retiring.
Simon Stevens, founder of Simon Stevens Associates, which brokered the off-market sale, said: “Amid strong competitive interest, we selected this investor because of their financial strength and proven track record in completing transactions. As established investors within the UK hotel sector, the Sporting Lodge Inn aligns with their ongoing expansion strategy. We continue to see strong interest from well-funded strategic investors, both domestic and international, who are actively seeking hotels with potential for repositioning.”
Gavin Wright, founder of Enterprise Hotels & Hospitality, added: “We are delighted to have completed the sale of the Sporting Lodge Inn to private investors. Having been under the same ownership since 2004, this transaction marks the close of an important chapter and the start of an exciting new era. We believe the hotel presents significant value-added opportunities for the new owners to enhance and grow the business further.”
Howes Percival provided legal advice to the buyer and Shoosmiths represented the vendor.
