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Classic Hotels looks for new owner to take over Waterhead Hotel for £2m

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A hotel has gone up for sale in the rare Lake District position in Coniston, with an asking price of £2m for the freehold.

The 24-bedroom hotel, with lake frontage and access jetty, is operated by Classic Hotels, but has gone up for sale with Colliers International who are acting on behalf of POFR (Post Office Fellowship of Remembrance).

The Victorian former manor house is home to ‘impressive’ public areas, a substantial restaurant and 4 acres of landscaped grounds, and conference and meeting rooms, alongside the 24 bedrooms.

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The property has been operating as a hotel for over 100 years.

Julian Troup, head of UK hotels agency at Colliers International, said that the company is anticipating a ‘favourable’ response to the sale, with demand expected from both domestic and overseas buyers keen to come into the UK provinces.

He said: “We are delighted to bring Waterhead Hotel to the market. It is an established and well-known hotel operating with a healthy trading base. We are anticipating a favourable response to the marketing, particularly bearing in mind it is so rare to see a Lakeland hotel with actual lake frontage coming to the market. We have seen significant demand from both domestic and overseas buyers keen to acquire UK provincial hotels and the Lake District continues to be our most productive area of demand. We are already experiencing heightened demand for the Lakes on the back of it recently being designated a UNESCO world heritage site, being one of the UK’s premier tourist destinations.”

The Waterhead is marketed alongside Cotswolds’ Dumbleton Hall and Friars Carse in Scotland in the Classic Hotels portfolio.

Tags : Classic HotelshotelsWaterhead
Zoe Monk

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