The Lansdowne Villa guest house in Bourton-on-the-Water has been sold to former retail professionals Anthony and Cheryle Katz.
The couple has bought the handsome Cotswolds guest house in a deal brokered by property agent Colliers and are raring to go after moving the family from their former home in East Sussex to take over a hotel described as a ‘genuine Cotswolds honeypot’.
But Anthony Katz said the couple – who met while managing stores for high end footwear retailer Russell & Bromley – won’t be putting their feet up.
“We are planning to upgrade the bedrooms and public facilities to create a contemporary guest house with a traditional twist and intend taking the hotel from 12 rooms to 14.
“Although we’re new to the hospitality sector, we have extensive backgrounds in a service-orientated retail sector, so we don’t see it as that much of a jump.”
The Katzes had been looking for a suitable hotel property for some time but fell in love with the premier Cotswolds location.
They also plan to re-brand the popular getaway destination as The Lansdowne.
Peter Brunt of Colliers says: “The Lansdowne has a dozen letting bedrooms along with a one-bedroom apartment for the owners and is situated in the heart of one of the most visited towns in the Cotswolds.
“It is currently traded on an almost entirely bed and breakfast basis with business practically falling in the door, producing an enviable bottom line.
“Cirencester, Stow-on-the-Wold, Burford, Broadwell and Chipping Camden are all within a comfortable driving distance.”
Peter Brunt said the deal was typical of the high number of transactions across the West hotels section.
He went on: “There is a steady run of enquiries for businesses coming in to me from people based at the moment in Spain.
“Two sales agreed at the moment to people moving back to the UK from there and another enquiry just received, suggesting people who have made the move abroad may be looking to return to the UK – and a sector increasingly regarded as a safe haven for their money.”