Guest house gets new owners as investment firm buts it for £1.1m
THE Lansdowne Guest House in the tourism hotspot of Bourton-on-thewater has changed hands following a deal brokered by Colliers International.
The 14-letting room guest house sold off an asking price of £1.1million.
Situated in one of the most popular towns in the heart of the Area of Outstanding Natural Beauty, The Lansdowne has been bought by Rothney Investments and will now be operated as part of the Cotswold Cottage Gems portfolio.
Gemma Elizabeth, general manager of Rothney Investments said: “We are thrilled to welcome The Lansdowne ‘Rooms with Breakfast’ and its great team to the Cotswold Cottage Gems Portfolio.
“We already own and operate four Cotswold Cottages and look forward to showcasing our unique customer service and hospitality experience to the 7,000 or so guests who stay at The Lansdowne each year.”
The Lansdowne ‘Rooms with Breakfast’ has 14 en suite bedrooms and has just been awarded The Hotels Combined certificate of excellence for customer satisfaction 2018.
Peter Brunt from Colliers International’s Hotels team said: “People looking to purchase the ideal pub or hotel business in the Cotswolds often start with Bourton-on-the-water and the many other “honeypot” locations like Cheltenham, Burford, Stow, Chipping Campden and others of that ilk as customers flock to them in their thousands all year round.
“Our vendor clients bought the hotel though me in December 2014 but have now decided to focus on alternative business opportunities having completed a very successful refurbishment and relaunch of The Lansdowne.”