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First-time owners start a new ‘Chapter’ with boutique acquisition in Middlesbrough

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Chapters Boutique Hotel and Bistro in Stokesley, Middlesbrough, is under new management, having been taken over by Andrew Lyndon-Dykes and business partner Mark Hodgson.

As part of the acquisition, there are ‘secret’ bar plans in the pipeline, as well as the aim to transform the eatery at the property, including making use of the large garden that overlooks the River Leven.

The pair are entering the hospitality industry for the first time with the acquisition and say they have ‘excellent’ insight into what customers want, having stayed clocked up almost 4,000 hotel stays.

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Hotel chain Shepherd Cox Hotels had previously bought Chapters in 2016, but before long deemed the 12-bedroom premises to be too small to fit with its business model. However, instead of selling, the firm looked for a tenant for the Stokesley premises.

Mark Worley, director at Christie & Co’s Newcastle office who handled the sale comments; “Our client is a large national firm of hotel operators and they purchased Chapters back in 2016 to add to their growing portfolio, which includes a number of hotels in the area including The Hartlepool Grand, The Croft Spa at Hurworth and The George Hotel at Piercebridge. With only a dozen bedrooms however, it soon became clear that Chapters did not fit their business model, so rather than sell the hotel, they asked me to find a suitably experienced and innovative tenant who would invest in the site and to take the business to the next level.”

Lyndon-Dykes, is a former venture capitalist and management consultant who owns a number of companies outside the leisure sector.

He said: “My wife Michelle and I are seasoned travellers and diners; we feel that this gives us an excellent insight into what travellers and diners want.

“We have grand plans for the future of Chapters; we will be changing the menus, providing consistently high quality food and there will also be a cafe menu including traditional afternoon teas to fully utilise the wonderful garden which overlooks the river.

“We also intend to cater for meetings, conferences and events, and we have a very exciting idea for the bar, however this must remain a secret for the moment,” he teased.

Tags : hospitalityMiddlesboroughnew ownerssold
Zoe Monk

The author Zoe Monk

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