Hilwood bags Bovey Castle

Bovey Castle has been bought by Hilwood Resorts and Hotels for £26m. Hilwood was launched by investment advisor Delancey and former Hand Picked Hotels operations and finance directors Gregor Ritchie and Arvinder Walia in 2006 with £700m to invest. Ritchie commented: “Our first acquisition was The Grand in St Helier and now with Bovey Castle we have a portfolio of turn-of-the-century properties. Bovey represents the style and quality of venue that will epitomise our brand.” A £1m renovation to expand and upgrade the facilities for C&I and corporate events is planned.

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