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Suffolk’s Ufford Park Hotel Golf & Spa changes hands after 30 yearsJune 30, 2022
Award-winning Ufford Park Hotel, set in 119 acres of historic parkland, has been sold by the Aldous Family to LQ Resorts, which is owned by the Bansal Family.
Strategic real estate advisor Avison Young represented LQ Resorts, while The Aldous Family was represented by HMH Golf & Leisure and Savills.
Benefitting from a total of 90 bedrooms, the complex encompasses a restaurant and bar, conference and function rooms, a spa and health club, as well as an 18-hole golf course.
The hotel has been sold as an operating business in its entirety to the Bansal Family who already own the prestigious and successful Lion Quays Resort in Oswestry, Shropshire and Langstone Quays Resort on Hayling Island, Portsmouth - making Ufford Park Hotel Golf & Spa their third purchase since 2015 and their first with a golf course.
Dr Ash Bansal, Director of LQ Resorts, said:
“The Bansal Family are tremendously proud and delighted that Ufford Park has been added to their portfolio of resorts. We feel that Ufford Park represents a perfect fit within our strong group ethos and core values.”
James Williamson, Director, Hotels at Avison Young, said:
“We have been delighted to represent the Bansal Family in securing the acquisition of Ufford Park. Market conditions have been variable through the transaction process, but the good relationship with the Aldous Family’s advisors and the strength of the Bansal Family and their funders has enabled all parties to achieve the objective of completing the deal. Under the Bansal Family’s ownership, the resort has a bright future.”
Funding for the acquisition was provided by Cynergy Bank. Dan Hewitt, Relationship Director at Cynergy, said:
“Cynergy Bank is proud to have supported this transaction for the LQ Group. At a challenging time for the hospitality sector, I was very impressed with the Bansal family and their Leadership Team. LQ Resorts has shown that a market leading proposition with a focus on exceptional customer service will continue to succeed despite the headwinds. It is clear that their passion and visionwill ensure Ufford Park is a well loved destination in East Anglia for many more years.”