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

Producer & Seller of Live Feeder Insects
South West, UK

Well-established company operating for over 30 years. Sells a wide variety of accessories used in the care of reptiles and exotic animals. Sells products on e-commerce platforms such as Amazon and eBay. Offers invited.

Asking Price: Offers Invited
Turnover: £882,000

LEASEHOLD


Design of Chiller Units for UK Supermarkets
UK Wide

A market-leading designer and manufacturer of chiller units for UK supermarkets of all sizes. A long-established business, this company offers UK supermarkets a unique single-source solution for all their chilled display needs. A multi-accredited bus...

Asking Price: Offers Invited
Turnover: £28,100,000

Structural Engineering Design Consultancy
South West, UK

Providing designs that are practical but creative and often innovative, to meet the specific needs of its clients. Supporting sustainable construction methods and experienced in eco-friendly structures such as PassivHaus. Offers invited.

Asking Price: Offers Invited
Turnover: £715,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Nov
 

UK government set to approve Cobham takeover | BUSINESS SALE

The British government is poised to approve the $5 billion t...

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
19
 
Nov
 

UK government set to approve Cobham takeover | BUSINESS SALE

The British government is poised to approve the $5 billion t...

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

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