The East Sussex National Hotel and Spa near Uckfield has new owners.
Hotel operator and events space provider De Vere Venues has sold the National to Starwood Capital Group for £232m as part of a deal to dispose of the division. A spokesman said: “The Board of De Vere Group announced that, in line with its strategy of realising enhanced value, the group has completed the sale of its venues division.”
The Group has also signed an exclusivity agreement with a third party for the sale of the Grand Hotel, Brighton. The Grand was put on the market last November as the Group tried to ease a £1.1billion debt. Starwood is a privately held global investment firm owned by its more than 60 partners. It was founded in 1991 and has since made more than 500 transactions representing assets of £44 billion.
The National’s golf course was designed by Robert E Cupp, one of Jack Nicklaus’ course architects. It was one of the first stadium style courses and has hosted two European championships. The National occupies 1100 acres, has 104 hotel rooms, a spa and conference facilities. Asked whether there would be changes, jobs gains or losses, general manager, Tracy Tennant referred reporters to De Vere’s public relations team who could only provide the information above.