Cliveden House Hotel, a former von Essen luxury property located in Taplow, England has been bought for an undisclosed sum by British billionaire brothers Ian and Richard Livingstone.
The business duo are planning on giving the Italianate manor, which dates from the 1850s, a multi-million pound renovation. The 376 acre (152 hectare) estate has featured a manor house since 1666 and was the former residence of William Astor. It has been a hotel since 1984, featuring 38 guestrooms.
“The sale of Cliveden is the pinnacle of our work to date on behalf of the administrators of von Essen Hotels. This renowned hotel has a new owner who will make complete the investment required to meet the growing demands of the international leisure and corporate customers of the business,” said Chris Day, international managing director at Christie + Co, which is administering the portfolio’s sale.
Twenty of the 28 former von Essen properties of luxury rural British properties have now been sold out of administration. London property magnate Andrew Davis founded von Essen Hotels in the 1990s. The firm fell into financial difficulty due in part to its aggressive acquisition strategy, along with an inability to maintain acceptable RevPAR rates at its pricey provincial properties through the economic downturn.