Mon, 11 Dec 2017 | COMMERCIAL PROPERTY
A 17-bedroom hotel on the outskirts of Brockenhurst in the New Forest area has been sold after being put on the market for £1.7m.
The 3 AA-star Cloud Hotel which has been owned and operated for the past 42 years by Avril Owton MBE, is now the property of experienced hotel operators Chris Legg and Stewart Wills.
Speaking of the sale, Owton said: “Having owned the Cloud Hotel for more than 42 years, I am delighted to be handing over the reins to seasoned hoteliers Chris Legg and Stewart Willis who I am sure will continue to take the business from strength to strength.”
Christie & Co, which handled the sale, said the hotel was sold for an asking price in the region of £1.7m but declined to say the exact price.
The regional director at Christie and Co's Winchester office, said: "I am delighted to have facilitated this sale on behalf of Avril and wish her all the best as she looks forward to a very well earned retirement.
"The New Forest is a highly sought after location for hotel operators and due to the shortfall of hotel businesses coming to market, we are experiencing significant demand from hotel owners, operators and investors."
The venue is made up of 17 bedrooms, a bar, a 50-cover restaurant, conservatory, 30-cover function room and owner's accommodation.
Long established community pharmacy. First time on the market in 30 years. Now occupying exemplary new purpose built accommodation. Standard hours. Offers invited.
LEASEHOLD
Works closely with clients to produce interior design solutions for educational institutions, which could be marketed to more sectors.Additionally offers an array of creative media, including videos,presentations, websites, branding and full direct m...
RELOCATABLE
Unopposed health centre pharmacy. Semi-rural location. In receipt of Pharmacy Access Scheme payments. Offers invited.
LEASEHOLD
|
24
|
|
Jan
|
Hawkin’s Bazaar enters administration | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has...
|
23
|
|
Jan
|
MBO at Bristol-based media training firm | MBO/MBI
Mentor Media Training has been acquired by lead consultant D...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
Jan
|
Hawkin’s Bazaar enters administration | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has...
|
23
|
|
Jan
|
MBO at Bristol-based media training firm | MBO/MBI
Mentor Media Training has been acquired by lead consultant D...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources