The 62-bedroom Hunton Park Hotel in Watford has been sold to a successful businessman.
Neal Khanna is the owner of the successful Denham Grove Hotel, which has been recently refurbished.
The hotel went on the market with a guide price of £16 million and the businessman plans to spend a further £3m investment on improving the hotel.
Neal had been looking to expand his business, and Countrywide Hotels, who manage the Hunton Park hotel.
Hunton Park, which sits on a 22-acre estate, will be operated by Countrywide Hotels, which owns 35 hotels in the UK, including Denham Grove, but will no longer be marketed as a Mercure hotel.
Neal Khanna said: I am very pleased to have acquired the Hunton Park Hotel and add another quality asset to our portfolio. Moving forward the hotel will be called The Hunton Park and it will complement our existing hotel and catering business, I look forward to developing the hotel further into a boutique and destination property.”
Darren Patt, Managing Director of Countrywide Hotels said: “We are delighted to be working with Neal on this new project. Hunton Park offers a great business opportunity, it is in a great location and offers a wonderful place to stay, eat and socialise for guests. We look forward to the exciting changes and new phase of the hotel.”
For further information about the hotel please visit www.huntonparkhotel.co.uk
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