KOP Limited Acquires New Property in the UK
Catalist-listed KOP Limited announced that on 28 February 2023, its indirect, wholly-owned subsidiary company, KOP Properties (UK) Limited, has entered into a purchase agreement with Bannatyne Hotels Limited for the acquisition of the business including certain of its assets relating to the Charlton House Hotel and Spa. The acquisition includes the operations of a hotel, private members’ health and fitness club, beauty spa, restaurant, function rooms and wedding venue which have been carried on at Charlton House Hotel and Spa. The hotel is located at Charlton Road, Shepton Mallet, Somerset, BA4 4PR.
Leny Suparman, Group CEO of KOP Limited, said: “The acquisition of the Charlton House Hotel and Spa owned by Bannatyne Hotels Limited will fit into our hospitality portfolio where we provide leisure experiences to our clients. This purchase marks our re-entry into the U.K. market.”
Charlton House Hotel and Spa, which sits on 6 acres of land, is only 15 minutes away from the location of the internationally renowned Glastonbury Music Festival and just over a two-hour drive from London. The hotel has 28 guest rooms (all en-suite) and has one Moroccan-themed spa which contains five treatment rooms, a hydrotherapy pool, an aroma infused laconium sauna, crystal steam room, Finnish sauna and ice fountain. The hotel’s facilities include a full-service air-conditioned gym with state-of-the-art machines, classes and training facilities.
The hotel also has a 2AA Rosette Restaurant and Bar, Maxine’s, a lounge and bar in the drawing room as well as an Orangery that hosts indoor and outdoor events such as weddings. It comes with sprawling grounds that has a small apple orchard as well as a tennis court.
Bannatyne Hotels Limited is a private limited company incorporated in England and Wales and is in the business of operating hotels, all based in England.
KOPL funded the acquisition through internal cash resources of the Group. The sale and purchase of business and certain assets owned by Bannatyne Hotels Limited has been completed on 3 March 2023.