A co-founder of one of the UK’s largest foodservice operators has acquired a hotel on the Suffolk coast, to run as a family-led boutique.
Nathan Jones, who started London-based food service and hospitality business Harbour & Jones with Patrick Harbour in 2004, has snapped up the 16-bedroom Fishers Hotel in Pakefield to run with his sister Cathy.
In June 2017, Harbour & Jones Ltd merged with CH&Co, where Jones continues to be a director.
Previous owners, David & Lesley Fisher acquired the business through Christie & Co in 2000, and have now decided to semi-retire.
Whilst under their ownership, the property had been refurbished throughout and features a lounge bar, restaurant, and conservatory dining area with seating for 25 guests, plus 16 bedrooms.
Additionally, there is a detached two-bedroom bungalow providing on site manager’s accommodation.
New owner, Nathan Jones grew up in Pakefield, where his parents owned a fish and chip shop, whilst he trained in hotel and food service management at Lowestoft College.
Now with 30 years’ experience in the hospitality industry behind him, Jones has decided to make this purchase in his hometown.
He says: “This will remain a family-led business. My sister, Cathy will be heading a team to run this new venture, which we hope in time will grow to multiple sites. We plan to refurbish the hotel to a high standard and give it a new name and image, whilst working hard to maintain and build upon the reputation set by David and Lesley.”
Part of a planned investment plan, Jones will focus on creating a new concept for the restaurant and developing a new bar, that ‘cannot be found elsewhere’, in the surrounding area.
Tim Gooding, director at Christie & Co’s Ipswich office, who handled this latest sale as well as that in 2000, comments: “Nathan will undoubtedly build on David & Lesley’s achievements.
“This sale is another example of a positive and encouraging hospitality market being experienced across the region.”
Christie & Co sought an asking price in excess of £675k for the freehold interest. Fishers Hotel was sold for an undisclosed sum.