Deal reached for New Forest hotel

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.


Share this article



Latest Businesses for Sale

Import & Export Business
Kent, South East, UK

Relocatable. Long standing contracts. Significant room for expansion. International connections. Offers Invited.

Asking Price: £120,000
Turnover: £432,000

RELOCATABLE


Licensed Thai Restaurant & Takeaway
Somerset, South West, UK

Fantastic Freehold restaurant opportunity in a quaint Somerset market town. With an immediate population of 45,000, and around 70,000 visitors annually, this restaurant benefits well from local and visiting trade. Offers invited.

Asking Price: £165,000
Turnover: £82,000

FREEHOLD


Debt Collection Agency
South East, UK

Well-established debt collection agency in Southend-on-Sea. Essex. In close proximity to the M25. They are ideally located. Being a telephone collection agency, they are able to cater for clients countrywide. Offers invited.

Asking Price: £198,000
Turnover: £350,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
May
 
 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
21
 
May
 
 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources