PropertySuffolk hotel sold for first time in 33 years(10 October 2007 15:48)The Grange hotel, a Victorian building outside the Suffolk village of Thurston, has changed hands for the first time since it became a hotel 33 years ago. Built in 1895 and converted into a hotel by the Wagstaff family in 1974, the property occupies 1.5 acres of land near Bury St Edmunds. It offers 18 en-suite bedrooms, including three one-bedroom log cabins, and has planning permission to add another five cabins in woodland. The three-star hotel also has two restaurants to seat a total 70 diners, a main bar, a 120-capacity wedding and function room (the hotel hosted more than 50 weddings in 2006) and a 20-delegate conference room. Article continues below
It’s a first hotel buy for new owner Vipul Khurana, who owns a food manufacturing business in Braintree, Essex. His wife plans to open a therapeutic treatment room in the hotel. The Ipswich office of Christie + Co sold the freehold off a guide price of £1.5m. By Angela Frewin Source: CatererSearch |
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