Cheshire law firm, SAS Daniels LLP, has led an expanding hospitality group through a hotel acquisition for the independently owned and run Beaufort Park Hotel and Conference Centre, in North Wales.
The deal was led by Corporate Partner Paul Tyrer who advised JDP Hotels 2 Ltd through the acquisition of Beaufort Park Hotel’s business and assets, including its 106-bedroom building, for an undisclosed sum.
The hotel, based in Mold, is also a leading conference and events centre and was previously owned by David Byers who has retired from the hospitality industry.
JDP Hotels 2 Ltd, headquartered in the Midlands, is owned and run by entrepreneur, Pranay Paw and his family. The group already owns and manages the Best Western Hotel St. Pierre in West Yorkshire.
The company has acquired the award-winning Beaufort Park Hotel as part of its ongoing growth plans. It plans to invest in upgrading the Welsh property which will remain as a hotel and conference centre. This has also ensured 80 staff will remain employed at the business.
Paul Tyrer, Partner at SAS Daniels, said: “JDP has been hugely successful in establishing its hospitality business, so it was a natural progression to add to its growing portfolio with this acquisition. There are many considerations to buying a business of this size, but we’ve been able to assist Pranay and his team to complete on the purchase with minimal disruption to all the involved parties. We wish them the best of luck as the new owners of Beaufort Park Hotel.”
Pranay Paw, Founder and Managing Director of JDP Hotels 2, said: “Beaufort Park Hotel was an obvious investment choice for us as we increase the number of hotel properties in our portfolio. Its location, being near Chester, Snowdonia and historic Welsh castles, is coupled with its reputation both locally and within the industry. We would like to thank all those involved in the process and we’re excited to now be able to move forward with our plans for Beaufort Park.”
Also involved in the deal, was Steven Percy from SAS Daniels’ Commercial Property team, whilst Dudley-based Higgs and Sons acted for NatWest who provided funding for the deal. Burnetts advised Beaufort Park Hotel Limited on the sale. The transaction was led by Corporate Partner Michael Walby, with support from Rebecca Davidson. Partner Robbie Mather advised on property matters. The deal was brokered by Ryan Lynn of Christie & Co.