DELANCEY’S HILWOOD RESORTS AND HOTELS AQUIRES BOVEY CASTLE

Hilwood Resorts and Hotels (“Hilwood”), the joint venture partnership set up earlier this year by Delancey, Gregor Ritchie and Arvinder Walia to acquire and operate premium UK hotels, has made its second acquisition. In a £26.4million deal, it has purchased the Bovey Castle hotel and golf resort in Dartmoor National Park, Devon, from international entrepreneur, Peter De Savary.

Occupying an area of more than 365 acres, Bovey Castle resort provides five-star hotel accommodation in a 1920s-built former private home and sporting estate which has been completely restored over the past four years by de Savary. The hotel has 65 bedrooms, in addition to which there is also a self-contained two bedroom cottage, and 14 luxury three bedroom lodges within the estate (eight lodges having previously been sold to Exclusive Resorts, a US destination holiday club).

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