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.
Delivers efficient and bespoke solutions to UK-based clients operating across a diverse range of sectors. Services offered include manned guarding; mobile patrols; front of house; key holding and alarm response; CCTV services, access control and door...
LEASEHOLD
Offers a wide range of fashionable, chic and affordable clothing items for customers throughout the UK and internationally. Retails its products in sizes 8 to 32, maintaining its price point across the range. Achieved an ‘Excellent’ rating on Trustpi...
LEASEHOLD
Handles all aspects of business- and consumer-focused market research. Utilises extensive bespoke facilities to carry out qualitative and quantitative research. Benefits from an excellent reputation, having been in operation for over 30 years.
LEASEHOLD
|
27
|
|
Oct
|
Dog treats company acquired by Spectrum Brands | BUSINESS SALE
Nottingham-based pet treat and toy maker Armitage Pet Care h...
|
26
|
|
Oct
|
Legal & General sells personal investing business to Fidelity | BUSINESS SALE
Legal & General Group has agreed the sale of its personal in...
|
23
|
|
Oct
|
Worcestershire carpet maker secures £218m acquisition war chest | BUSINESS NEWS
Worcestershire-based carpet maker Victoria has secured inves...
Sign up to receive our acquisition alert emails to get your FREE guide
|
27
|
|
Oct
|
Dog treats company acquired by Spectrum Brands | BUSINESS SALE
Nottingham-based pet treat and toy maker Armitage Pet Care h...
|
26
|
|
Oct
|
Legal & General sells personal investing business to Fidelity | BUSINESS SALE
Legal & General Group has agreed the sale of its personal in...
|
23
|
|
Oct
|
Worcestershire carpet maker secures £218m acquisition war chest | BUSINESS NEWS
Worcestershire-based carpet maker Victoria has secured inves...
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