The Falcon Hotel in Stratford, U.K., was bought for an undisclosed sum by St James’s Hotels from the administrators of Noblelarge Limited, Grant Thornton.
The hotel has 83 bedrooms, seven meeting rooms, two restaurants, two bars and parking for 120 cars.
The new owners plan to invest up to $9.8 million to refurbish the hotel, including the installation of air conditioning in all bedrooms, during the course of next year.
St James’ Hotels intends to retain all the current management and staff, and expects to hire further staff on completion of the refurbishment.
St James' was established by the Somerston Group earlier this year and acquired the Forestdale portfolio of fourteen unbranded, three star hotels across England, in March.