Harrisons Business Recovery and Insolvency has instructed our Hotels and Leisure team to sell the New Hobbit Country Inn, Sowerby Bridge near Halifax, Hallgarth The Manor Hotel near Durham and the Allerton Court Hotel in Northallerton.
The sixteenth century Hallgarth Manor, which has recently undergone a £2m refurbishment, provides 24 en-suite bedrooms, three restaurant areas totalling more than 140 covers, a bar and residents lounge and a 240-capacity function room set within a four-acre country estate, has an annual net turnover of £954,611. It is located just five miles from Durham.
The New Hobbit hotel offers 30 en-suite bedrooms, a bar / restaurants totalling approximately 60 covers and a function room with a capacity of approximately 120. The hotel has an annual net turnover of £747,009 and is situated less than a mile from the train station and is situated with a pleasant view above Sowerby Bridge and the Calder Valley.
The three-star Allerton Court Hotel, which comprises 44 en-suite bedrooms, two restaurants and a bar totalling 120 covers as well as a 240-capacity function room set within 3.256 acres, has an annual net turnover of £1,239,858. The hotel is located just one mile from Northallerton train station, this modern purpose built hotel is situated just 14 miles from the North York Moors National Park and 16 miles from Darlington town centre.
Martin Davis, Director of Hotels and Leisure, said:
“All three of these hotels have been trading under the Best Western brand and are extremely well-located. Each of the hotels are well-established and draw trade from all over the UK in addition to regular, local custom. As such, we anticipate they will generate strong interest from a wide range of purchasers, including investors and owner-operators.”
Offers are in invited for the hotels individually or as a group and should be submitted to Martin Davis and Hugh Anderson of Lambert Smith Hampton by no later than 12:00 noon on Friday 4 September 2020.
REGISTER FOR UPDATES
Get the latest insight, event invites and commercial properties by email