Hospitality newcomers Kathryn and Kevin Whyte have purchased their first hotel in the Wye Valley and already have big ambitions to make their mark in the sector.
The pair bought the Grade-II listed Bridge House Hotel in Ross-on-Wye off an asking price of £725,000 in a deal brokered by Colliers International on behalf of the private vendors.
The hotel is currently being run as a six-bedroom bed and breakfast but has huge potential for the future, according to former Bristol lawyer Kathryn.
She said: “We have both spent a great deal of time in the corporate world and had been looking for a good hotel business for more than a year. We saw the Bridge House on the market and decided to take a closer look – we were very impressed and could see it has enormous potential.”
The couple now wish to invest money into updating the property and add a family suite so parents and children can stay in the same room.
Colliers International hotels director Peter Brunt said in addition to its existing attractions, the high quality hotel offered extensive opportunities for re-developing the business.
He said: “There are already six extremely well-presented letting bedrooms on the first floor of the building with a further three rooms in shell condition on the second floor – which Kathryn and Kevin are planning to tackle first.
“The owners’ accommodation is large and together with the former restaurant area could be re-configured subject to the usual planning permissions.”
Bridge House Hotel dates back to the 18th century and comes with 1.6 acres of land and is within close proximity to the River Wye and Wilton Castle.
The previous owners had been at the property since 2011 and ploughed a significant amount into restoring the building and its décor. They will now move on to concentrate fully on their new venture, a restaurant in Hereford.
Peter Brunt said: “Ross-on-Wye is said to have invented tourism and when you visit you can see why. While the Wye Valley’s particular attraction is its distinctive river valley scenery, there are any number of top notch tourist attractions in the immediate vicinity.”