Two brothers have snapped up a boutique hotel in Bristol off an asking price of £1.6m, armed with big plans to further develop the family business.
Andrew and Peter Churchill have acquired the Town and Country Lodge, a hotel, restaurant and function venue on the Bridgwater Road, set in 2.5 acres.
The 36-bed hotel was previously owned by the Ashdown family, who ran the site for 40 years and now plan to retire.
The Churchill brothers will continue to operate the business and now have plans to further develop the family-run property.
Jonathan Hill, Director in Christie & Co’s Bristol office comments, “Our comprehensive marketing campaign generated high levels of interest in this site and several offers from a mixture of operators and local developers well in excess of the asking price.
“Its popularity can be attributed to the opening of the new South Bristol Link Road providing swift access to the fast expanding Bristol International Airport and various business parks, and the numerous opportunities to develop the business from increased passing trade such as food & beverage, accommodation, meetings, conferences, function and wedding trade.”