A boutique hotel based in a “sought-after” riverside Devon town is seeking new ownership after being placed on the market for £1.1m.
The Browns Hotel in Dartmouth is a four-floor boutique hotel with eight bedrooms, a restaurant and a three-bed owner’s flat.
The property is situated on the town’s Victoria Street, in walking distance from the harbour.
Real estate firm Savills has been appointed to find a buyer and it is confident that the tourist traffic that comes the region’s way will encourage a quick sale.
Martin Rogers, head of UK hotel transactions at Savills, told the Plymouth Herald that the South Hams region of South Devon remains a popular tourist destination, with 2.45 million overnight stays per annum and a total annual visitor spend of £114m.
He said: “This established townhouse hotel offers numerous income streams and has a particularly buoyant trade during the summer months thanks to Dartmouth’s appeal as a tourist destination. This is supplemented out of season by a strong local trade in the popular wine bar and restaurant.”
On its website, the current owners of the hotel state: “The Browns Hotel is a small townhouse hotel right in the centre of Dartmouth. Smart, contemporary furnishings and an unstuffy atmosphere make Browns Hotel Dartmouth, an ideal place to relax and enjoy Dartmouth and the spectacular South Hams coastline.”