Expanding hospitality brand, Barons Eden Group, has announced another acquisition to join its portfolio to take its hotel count up to two.
The group has snapped up Cotswolds gem, The Dial House Hotel in Bourton-on-the-Water off a guide price of £1.95m for the freehold.
The 15-bedroom Grade-II listed hotel, which dates back to 1698, will now join the Barons Eden Group that consists of Hoar Cross Hall Spa Hotel, Eden Hall Day Spa and Huxleys café.
Director Adrian Pearson said The Dial House was trading well and would continue to be run as a boutique hotel “with the odd tweak” – with the option of further investment through a soft refurbishment later.
He said: “While we operate in different parts of the hospitality and leisure industry our basic concept is high-quality service in distinctive surroundings.
“This is a great opportunity with strong footfall and from the company point of view it has many facets.”
Barons Eden has made a substantial investment in all its businesses, both in terms of rebuilding and upgrading facilities, as well as in its people.
Colliers International hotels director Peter Brunt said: “It was a very confidential sale but generated an awful lot of interest as Bourton-on-the-Water is one of the top three most visited towns in the Cotswolds.”
Peter concluded: “Our clients bought the hotel in 2008, the start of what became a small local group of hotels. The others have been sold and they decided, despite the success they have had in growing revenue at The Dial House, to consolidate around their other business interests and to offer the hotel for sale.”