Hotelier and publican swap properties in double deal

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The owner of the Witney Hotel and the owner of the Elm Tree pub, both in Oxfordshire, have decided to swap properties in a rare double deal, acted on by specialists Fleurets.

The Witney Hotel was owned by Rachel & Neilson McDermott, who had ran the property as a B&B for the past 15 years, before they became interested in purchasing the Elm Tree pub after seeing it go on the market.

The owner of the pub in return expressed interest in the Witney Hotel and a deal was made for both parties to swap properties.

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Owners of the Witney, Rachel & Neilson McDermott, commented: “We ran the Witney Hotel for just short of 15 years. The B&B served us well and gave us the flexible lifestyle we were looking for to bring up our young family. We enjoyed our time and many challenges over the 15 year period but felt it was time for us to move on and take up a new challenge!”

The Witney Hotel sold off an asking price of £975,000. Chris Irving from Fleurets said: “Both parties were looking for a change of environment and the timing of the availability of both units turned out to be ideal so the unusual swap deal could take place.”

 

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