ONE of Jersey’s most recognisable hotels has been sold to a private buyer, ending more than three decades of ownership by a local family.
The 55-bedroom Savoy Hotel in St Helier, which has been run by the Loras since 1993, was sold as a going concern for an undisclosed sum on Friday.
The deal means the long-established tourist accommodation will be able to continue operating as a hotel, rather than being redeveloped for housing.
Lucy Schooling, Director of Quérée Property Consultants, which negotiated the sale on behalf of the vendor, said it reflected “confidence in the Island’s hospitality and tourism sector”.
Savoy Hotel Director Roberto Lora said the family were “particularly delighted” that the hotel would continue serving the industry.
“We look forward to following the new owners’ plans as they develop and wish them every success,” he added.
The 3,480m² site was put up for sale for more than £6m in May 2025 and marketed as a “development opportunity”, after plans demolish the well-known premises and replace it with 53 ‘eco-townhouses’ were approved following a lengthy and contentious appeal process.
The identity of the buyer has not been disclosed.
