Von Essen in £17m first overseas deal

Von Essen has made its first overseas move with the acquisition off 13th century Chateau de Bagnols, near Lyon, previously managed by Rocco Forte Hotels. The deal was reportedly worth an estimated £17m – a figure described as “not wildly inaccurate”, to C&IT by a Von Essen spokesman. The operator took control of the property on 1 January from Lady Hamlyn, who bought it in 1987 and ran it as a hotel from 1992 before bringing in Rocco Forte in October 2003. The acquisition is the latest addition to von Essen’s 23-strong private collection of properties. “We have planned to expand into mainland Europe for some time and are delighted to acquire one of the continent’s most outstanding hotels,” said Von Essen chairman Andrew Davies. “2007 is set to be an exciting year for von Essen, with continued plans for expansion. We look forward to going from strength to strength.” The move follows von Essen’s £8.7m purchase of the Luxury Family Hotels chain last year, which was completed with the acquisition of Suffolk’s Ickworth Hotel in September. Von Essen’s portfolio also includes Cliveden in Berkshire and The Royal Crescent in Bath. Chateau de Bagnols has 21 rooms and five meeting rooms, including a winery suitable for banquets for up to 120 people.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Global travel trends revealed in Amex 2020 hotel predictions

Global travel trends revealed in Amex 2020 hotel predictions

Prices in 150 key cities facing travel buyers when budgeting for MICE programs, according to Amex GBT.

Royalton Grenada Resort to open March 2020

Royalton Grenada Resort to open March 2020

New resort and spa will be the largest on the Caribbean island of Grenada with 269 suites.

Northern Irish treasures: The best hotels, venues and activities

Northern Irish treasures: The best hotels, venues and activities

From bustling Belfast to the rugged shores of Ballintoy, Northern Ireland is full of iconic delights.

How mental health first aiders can spot workplace exhaustion

How mental health first aiders can spot workplace exhaustion

Awareness of the early signs of burnout can prevent problems further down the line, says Stress Matters' Laura Capell Abra.

Why China has become one of ICCA's top 10 destinations for meetings

Why China has become one of ICCA's top 10 destinations for meetings

Ahead of IBTM China, ICCA's Noor Ahmad Hamid says that the Chinese MICE industry is booming.

8 of the best hotels in Malaysia

8 of the best hotels in Malaysia

A selection of hotels in coastal Penang, the capital Kuala Lumpur and tropical Borneo.

Campfire conferences should replace hotels, buffets and PowerPoint

Campfire conferences should replace hotels, buffets and PowerPoint

Scrap the traditional conference and get delegates out in the wild for a memorable experience, says Top Banana's Emma Collins.

Case study: Mercedes-Benz at Yabuli China Entrepreneurs Forum 2019

Case study: Mercedes-Benz at Yabuli China Entrepreneurs Forum 2019

China's best and brightest entrepreneurs got an in-depth look at the Mercedes-Benz S-Class at the annual conference.

In pictures: The Biltmore, Mayfair to open in September

In pictures: The Biltmore, Mayfair to open in September

Following a multi-million-pound redevelopment, The Biltmore is set to become London's latest luxury hotel.

Activities and hotels in stylish Scandinavia

Activities and hotels in stylish Scandinavia

A look at what the capital cities of Sweden, Faroe Islands and Denmark have to offer.

LATEST JOBS