An exclusive property portfolio goes on sale this week , featuring a 38-bedroom stately home in prime commuter-belt territory , four country houses in the Cotswolds, six properties of architectural merit plus a property in the middle of Bath’s Royal Crescent.
The forced sale of the 26 hotels in the von Essen hotels “Private Collection” – as well as Verta, the year-old London heliport hotel, a Napoleonic fortress-island off the coast of Wales and the Château de Bagnols in Beaujolais – will net many millions. No-one will feel sorry for the banks who stand to lose as much as 50 per cent of their original investment.
Dalhousie Castle Hotel and Spa near Edinburgh and Thornbury Castle in Gloucestershire go on sale . Business owner Andrew Davis went on a spending spree to build his hotel group but the businesses started losing money and last year the bank decided to sell the properties to get its money back