Royal Shakespeare Company buys Stratford hotel

In another sign of growing demand for boutique hotels outside of London, the Royal Shakespeare Company and Eden Hotel Collection have partnered to purchase the Grade II-listed Caterham House Hotel in the city center of Stratford-upon-Avon, the town where William Shakespeare was born.

The Eden Hotel Collection and the RSC already own the Arden Hotel in Southern Lane together, and jointly acquired Caterham House from David Young and his wife, who have operated the hotel since 2002. Colliers International advised the vendor in the sale.

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The sale price has not been disclosed, but Colliers International told the Stratford Herald that the property commanded a price "in the region of £1 million."