The boutique hotel within the Otterburn Hall estate in Northumberland has been sold to an experienced operator who is returning to his native Tyneside to run his new acquisition.
The 14-bedroom Coach House Hotel, which forms part of the Otterburn Hall estate on the edge of Northumberland National Park, has been sold to Paul Cook, who currently operates a similar business in Stirling.
He has moved back to his native Tyneside to run the property, which was previously owned by Julie Blackie and also comprises a restaurant and a two-bedroom cottage.
The Coach House went up for sale in January and the deal was completed in late April, with Cook acquiring the property off the asking price of £550k.
The former pub with rooms, is situated on the Otterburn Estate, which comprises the Grade-II listed Otterburn Hall Hotel, a lodge park, caravan site, woodland, lake and several cottages stretching across 45 acres.
Otterburn Hall Hotel ceased trading a few years ago and the Estate was broken up and sold to several buyers as a result. Blackie snapped up at Coach House and transformed the business, opening the doors in the autumn of last year and building up a strong trade since.
Mark Worley, director at Christie & Co who handled the sale comments: “We received the instruction in January this year and our marketing efforts immediately generated interest.
“The speed of the sale and the levels of interest shown in the hotel illustrate the healthy demand for small to medium sized hotels, pubs and leisure businesses in Northumberland. This disposal follows on from the recent sales of the Manor House Hotel on Holy Island, The Coquetvale in Rothbury and The Hadrian Hotel near Hexham.”