(E) Wren?s Hotel Group expanded rapidly in Croatia
Hotel group sells Wyck and sets sights abroad
Wrens Hotel Group has sold its four-star Wyck Hill House hotel in the Cotswolds to Alan Corletts Niche Hotels company for £4m.
The 32-bedroom Wyck, which recently underwent a £1m refurbishment and dates back to 1722, will become the second hotel in the Niche portfolio, following the 2002 acquisition of The Queensgate hotel in Kensington, London.
Niche revealed that the purchase of Wyck would be followed by the acquisition of a third hotel within the next three months.
The sale comes as Wrens Group is looking to inflate its international portfolio, while limiting its UK properties.
The group has expanded rapidly in Croatia, building a portfolio of five hotels under its Adriatic Luxury Hotels brand, while opening two resorts in the Seychelles. Details: www.wrensgroup.com or www.wyckhill.com
Wren's Hotels was born in 1995 when Chairman and founder, Goran Strok acquired Sir Christopher Wren's House Hotel. The famous British Architects family home beside the River Thames in Windsor. We now own and manage two exquisite portfolio's under the Wren's Hotels name, Wren's Hotels UK, the British portfolio including hotels in the Thames Valley and the Cotswolds and Adriatic Luxury Hotels, the fast growing Croatian arm with hotels in Dubrovnik and Rijeka.