A boutique hotel in the Cotswolds has been snapped up by an experienced hospitality couple who recently sold their tea rooms to accommodate for the new hotel venture.
Burford House, an eight-bedroom property in the High Street, has been sold to Stephen and Karen Nolan who have run wine bars in the North West for more than 25 years and sold their Birkdale tea rooms recently.
The sale is the third in Burford in as many years for Colliers International hotels director Peter Brunt, who said: “Burford House is a very special hotel with a frontage said to date back to the 17th century. It has already earned five stars from the AA – and there is plenty of potential for the new owners to expand the business further.”
The business was acquired by its current owners in 2008 as a lifestyle business and since the hotel has built up a strong reputation operating along very easy lines.
Alongside its eight bedrooms, the restaurant serves light meals at lunch times and the room tariff is high, making for a profitable model.
Now, new owners the Nolans plan to open a new tea room downstairs in Burford House.
Karen Nolan said: “We had planned to move south and buy a nice quiet cottage. But we were bowled over by Burford and recognised there was a good business to be made here.
“A friend of mine moved down around eight years ago and we had been looking in the area for a while. This is certainly a big move for us but we think Burford House has plenty more to offer, starting with a brand new Tea Room downstairs.”
Peter Brunt said Burford, which is regarded as the southern gateway to the Cotswolds Area of Outstanding Natural Beauty, benefitted from having direct road links to central London which helped to generate enviable visitor numbers throughout the year and supported high quality hotels.
“Burford makes the perfect short break for people looking to get away from London using the M40 and A40, which guarantees high visitor numbers throughout the year,” he said.