Milad Shehata, a local operator based in Eastbourne, has purchased his second property in the area as he looks to expand his hospitality footprint.
Shehata snapped up the Hadleigh Hotel in Eastbourne off the guide price of £2m, from its local-family owners, who have been at the helm for the last 20 years.
The 62-bed hotel has traded as a traditional seaside resort hotel, recently operating under management, and comes complete with a 120-cover dining room.
The sale marks Shehata’s second in the area, having bought the Afton Hotel only last year.
Nick Earee from Fleurets commented: ”Our marketing generated a great deal of interest and just goes to show there is a good level of demand for sizeable and well run hotels in Eastbourne. Following the sale of the Congress Hotel late last year, there does tend to be a trend of this type of hotel appealing to London based operators.”