Duke of Cornwall Hotel in Plymouth has been sold to new owners who have handed management over to Bespoke Hotels, signalling the group’s first property in the area.
The historic hotel has been sold by co owners Jonathan Morcom and Walter Combstock after 18 years at the helm of the Grade-II listed building in Millbay in a multi-million pound deal, with the vendors advised by Savills.
Duke of Cornwall Hotel has been acquired by international Singapore-based property developer Fragrance Group, who has leased the business to operator Bespoke Hotels.
The group owns or manages around 70 hotels in the UK and this deal will be the group’s first in Plymouth.
Its managing director, Graham Marskell, said there will be no immediate changes to the hotel and said it will not be re-branded into a corporate entity.
He added: “We are delighted to be working alongside the Duke of Cornwall. The property has long been on our radar as an architectural icon across Plymouth and Devon, so we are excited to continue upholding the high standards established by the hotel team and will be working to ensure there is no disruption to existing customers.”