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Christie + Co seals deal on four-star hotel in Eastbourne

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Despite the uncertainty, Christie + Co has announced the sale of The Mowbray, a four-star guest house in Eastbourne.

The Mowbray comprises 12 bedrooms and has been owned by Darren and Laura Weir since 2008, who had been running the business alongside other careers.

The property has been sold to Roy Burman off an asking price of £839,950, who has purchased the business to be run by one of his sons.

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The family already own a country house-style guest house and pub in the Sussex area.

The Mowbray has built up a strong turnover over the last decade and was named Les Routiers Guest House of the Year in 2016.

Andrew Moore, director at Christie & Co, handled the sale and comments: “Having been unsuccessful in selling the business with another agent, Mr and Mrs Weir came to us for help. Although it took a little while to find a buyer, we had two offers for it at the time and agreed the sale to Mr Burman. The transaction took longer than we would have hoped, but we dealt with all the hurdles put in front of us and got the sale through.”

Tags : acquisitionChristie + Cohotelssold
Zoe Monk

The author Zoe Monk

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