Norfolk-based group acquires Essex hotel and golf resort
The owners of Potters Resort in Norfolk have acquired Five Lakes Resort near Tiptree in Essex in a deal where law firm Birketts assisted the buyer. Founded in 1920, Potters Resort is a family-owned business providing short breaks in a 65-acre resort in Hopton-on-Sea on the Suffolk/Norfolk border. Following the acquisition, it is expected that the Five Lakes hotel and golf venue will be transformed into another leisure, travel and tourism resort. Director of Potters Resort John Potter (photo, right) said: “We are delighted to have the opportunity to expand the business and are confident that investing in a new resort will help us grow the business in line with the rise in popularity of staycations, helping to secure future bookings. My sincere thanks go to Birketts’ team whose highly responsive, pragmatic and experienced approach gave me peace of mind throughout the transaction.” Birketts’ team was led by partner and head of Birketts corporate and commercial team, Adrian Possener with assistance from William Kemp (corporate), Maisie Lee (corporate), Devreaux Gravell (banking), Tom Sharpe (employment), Melissa Willrich (employment), Karl Pocock (tax), Benjamin Clarke (tax), Duncan Williamson (property) and Hannah Harbottle (property).
