Vine Hotels Steps In to Buy Out Old Rectory
Vine Hotels has increased it’s portfolio of luxury venues to 12 with the acquisition of the Old Rectory- a Grade II listed building near Sheffield.
The property development company has stepped in to buy it from a charity who had been running it at a loss. They have saved the ailing business with a turn around venture to restore life back into it as a successful wedding and events venue.
The period property went into liquidation earlier in the year and is looking forward to a future as the 4th acquisition of Vines Hotels over the period of 1 year only.
The property comprises of a hall, two Georgian rooms, and premium wedding suites The Orgreave and The Ballifield which can cater up to 80 guests in total. It is part of a recent string of purchases bought by the property development company; including Charlecote Pheasant, Stratford, Bredbury Hall, Stockport, and The Dartmouth Hotel and Spa, Dartmouth.
Vine Hotels CEO Garin Davies said: “The Old Rectory is a delightful period property that has huge potential to grow as one of Sheffield’s premium wedding and event destinations. We will bring our expertise in venue management and operations to The Old Rectory and restore it to the thriving venue we know it can be.”
Former BBC Director Greg Dyke runs the Vines Hotel Group; which was founded by CEO Garin Davies; former Divisional Director of BDL Management and Best Western GB.
The Group has a number of luxury properties to it’s name which include the Best Western Cresta Court, Altrincham, The Mercure Southhampton Hotel, and 5 properties in Sheffield.