Christie & Co has brought to the market Westlakes Hotel & Restaurant, a 10-bedroom hotel near Cumbria’s Solway Coast, an Area of Outstanding Natural Beauty.
The hotel occupies a late Georgian property, and comprises a dining room, residents bar and lounge, plus a conference room for 28 delegates.
Westlakes Hotel & Restaurant is offered for sale on a freehold basis, with an asking price of £1m.
The business is currently owned and operated by Geoff & Debra Armstrong, who bought the hotel through Christie & Co 14 years ago and have modernised and refurbished the letting accommodation throughout the ownership, as well as adding the dedicated conference room.
Now seeking a sale in order to retire, Mrs Armstrong comments: “We bought this beautiful hotel 14 years ago for a change in lifestyle and we have thoroughly enjoyed every minute, the area is outstanding. I now feel that we are ready to move on to retire and put our feet up, but if we were younger, then we would develop the restaurant into destination eating venue and boutique hotel. The potential is amazing.”
Tom O’Malley, senior business agent at Christie & Co is handling the sale and comments: “During their ownership, Geoff and Debra have developed the business to a position where they now benefit from a large element of repeat trade, with diversified revenue streams from car parking and conferences, in addition to the more typical letting accommodation and food and beverage offering. This gives potential purchasers a great platform from which to take the business forward, and in combination with the beautiful setting, we expect this to generate notable interest from the market.”