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.
The business for sale is a popular, independent builders’ yard/supplier specialising in a wide range of building products. Offers invited.
LEASEHOLD
This is a fantastic opportunity to acquire a long running and well-established joinery business currently serving the London area. Offers invited.
LEASEHOLD
Specialises in comprehensive dust and fume extraction solutions, providing tailor-made designs, installations and support services. Offers invited.
LEASEHOLD
|
26
|
|
Mar
|
Craft beer company goes under | ADMINISTRATION
With stores in London, Canterbury and Margate, craft beer me...
|
25
|
|
Mar
|
West Midlands transport company enters administration | ADMINISTRATION
The company behind the Ring and Ride services throughout the...
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
Sign up to receive our acquisition alert emails to get your FREE guide
|
26
|
|
Mar
|
Craft beer company goes under | ADMINISTRATION
With stores in London, Canterbury and Margate, craft beer me...
|
25
|
|
Mar
|
West Midlands transport company enters administration | ADMINISTRATION
The company behind the Ring and Ride services throughout the...
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
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