Profitable 18th century Chalford House Hotel in Westbury Wiltshire, is on the hunt for new ownership and is on the market with Colliers International for offers in the region of £1.2m.
The 20-bedroom boutique has been owned by Rachel Baker and Ashley Hunt since 2013 who have extensively refurbished the property over the last five years, installing a new bar and rebranding the interiors.
Formerly known as the Cedar Hotel, the property was in receivership prior to Baker and Hunt’s takeover, but now has built up a strong business base with net sales of £518k.
Chalford House Hotel comprises 20 bedrooms, a bar and restaurant and owners’ accommodation – consisting of a two large double bedroom ‘eco bungalow’.
Ed Jefferson, from the hotels team at Colliers International, said: “Our clients have worked hard to re-establish the business as one of the premier hotels in the area with the emphasis very much on mid-week business customers alongside some weekend trade. This success is borne out by net sales of £518,000.
“They have also added excellent owner’s accommodation, but with retirement beckoning they have decided to place the hotel on the market.”
Ed Jefferson added: “There is a large and flexible restaurant with up to 35 covers, along with a recently added conservatory which has space for an additional 20.”