Christie & Co has completed on the sale of Horwood Estate, a Grade II listed manor house and conference centre in Milton Keynes, to ZIZ Hospitality.
Totalling 185 guest bedrooms and numerous conference and meeting rooms, Horwood Estate is set in approximately 40 acres of Buckinghamshire countryside, with the formal gardens providing a perfect setting for weddings and events. Additionally, the property features extensive leisure facilities, which complement the appeal of this unique hospitality business.
Purchaser Karim Kassam, founder of ZIZ Hospitality, has had great experience operating hotels in the UK and Middle East and Horwood Estate marks his first solo purchase. Looking to build upon what is already a highly profitable business, Kassam plans to capitalise on the extensive asset management opportunities at the property as well as considering a variety of brand options.
Horwood Estate was sold off a guide price of £15,500,000 for the freehold interest.