Kronen swoops for Jesmond Dene House
Knight Frank has acquired the grade two-listed Newcastle boutique hotel on behalf of the Norwegian business in an off-market deal.
The grade two-listed 40-bedroom venue, known through the region for its food, was sold for an undisclosed sum by its owners, who are retiring from the hotel industry.
Hotel broker Simon Stevens Associates acted for the vendor, which had run the hotel since it opened in 2005.
Jesmond Dene House is an Arts and Crafts mansion that was once home to Sir Andrew Noble, a partner in Victorian industrialist Lord Armstrong’s engineering work.
Ryan Lynn, partner at Knight Frank said: “It has been a pleasure to be part of the deal and work with everyone involved. I am Newcastle born and raised, so am proud to be involved in the purchase of one of its best hotels and am looking forward to seeing what value the new owners will add.
“Brokering this deal on behalf of our client has been a highlight of my career to date.”
A Kronen Hotels spokesperson added: “We are proud to become the custodians of Jesmond Dene House. We are acutely aware of the responsibility we have to look after the first-rate team and guests which value the hotel, as well as its suppliers and other supporters.
“We have every intention of building on the foundations that the current owners and management team has established and we recognise their role in building Jesmond Dene into the special hotel that it is today.
“We want to thank Knight Frank which not only brought us the opportunity, but also provided first rate guidance and advice. We are very grateful to Ryan Lynn and the Knight Frank team.”
Simon Stevens said: “I have advised the outgoing owners over many years and they have done a remarkable job of continuing to invest and elevate this beautiful property and thriving business throughout their tenure, despite industry challenges like the pandemic.
“We’re confident we have found a buyer that will keep the hotel in safe hands and continue to raise its profile as one of the best hotels in Newcastle.”