The Hydro Hotel in Windermere in the Lake District has been sold for nearly £4m to buyers Squire Hotels.
The three-star hotel was sold by the Manchester branch of Colliers International on behalf of the Lake Hotel Limited, to Squire Hotels, which now adds the hotel to its growing chain of establishments.
The 80-bedroom Hydro Hotel dates back to the 19th century and comes complete with public areas and leisure facilities. Julian Troup, head of UK hotels agency at Colliers International secured the sale on behalf of the owners.
He said: “Our instructions were to handle the matter in a confidential fashion and we employed a targeted approach to marketing.
“We were able generate a healthy level of interest and Squire Hotels were given ‘preferred bidder status’ on the back of their proven ability to perform having acquired two other North West of England hotels in the recent past.
“The Lake District continues to attract a substantial level of interest for both outright operational hotels together with smaller lifestyle hotels and guest houses.
“We are seeing an increasing amount of interest from a variety of different types of buyer coming from all parts of the UK and even further afield.”
lifestyle hotels and guest houses.