Major investment planned at iconic 64-bedroom country estateLeading luxury boutique operator Eden Hotel Collection has announced the acquisition of the 64-bedroom Bovey Castle estate in the heart of Dartmoor National Park.
Eden Hotel Collection is a privately-owned group of luxury hotels across the Midlands, the Cotswolds and the South West. It has bought the award-winning Bovey Castle for an undisclosed sum and is planning a major investment in the country house estate, which today includes an 18-hole championship golf course, spa, country lodges and an outdoor pursuits centre.
The deal follows hard on the heels of an announcement in April of the company’s £13.5m planned investment in the 35-bedroom Tides Reach Hotel in Salcombe, South Devon. The site will be redeveloped to create a 50-bedroom luxury beachfront hotel and spa.
Commenting on the Bovey Castle deal, Eden Hotel Collection’s Managing Director Mark Chambers said he was thrilled by the opportunity to restore the hotel to its former glory and to re-establish it as the principal resort in the South West. Around £2m will be spent on renovation and improvements.
“Bovey Castle is a key acquisition for the group and will add to our existing properties in Somerset, Kingsbridge and now Salcombe. It establishes us as a major force in the hotel and tourism sector across the region.
“Restoring this iconic hotel and its estate is an exciting project for our team. This famous property has a national and international reputation for excellence and we are very much looking forward to cementing its place as the jewel in the crown of the leisure industry in the South West,” said Mark.
He added: “We are delighted to expand further into the South West, where our parent company, The Rigby Group plc, already has strong business links through its ownership of Exeter Airport, British International Helicopters (BIH) and SCC the international technology company.
A core value of Eden Hotel Collection is to integrate into the community, building links with local businesses, suppliers and people and the group is keen to make a positive impact on the local economy in Devon and the surrounding area.
Eden Hotel Collection is part of The Rigby Group plc. Diversifying from a SDG, wholesale technology business, Rigby Group has evolved into a £1.8bn portfolio business which compromises technology, airports, hotels, real estate, finance and aviation. It is one of the largest family-owned businesses in the UK and was named Family Business of the Year in 2013.
Rigby Group operates a number of businesses in the South West, including Exeter Airport and British International Helicopters which has a base in Newquay and supplies helicopter support for the Ministry of Defence in the Plymouth sea training areas.