The Lansdowne Guest House in the tourism hotspot of Bourton-on-the-Water has changed hands following a ‘hectic bidding process’.
The 14-bedroom guest house was sold off an asking price of £1.1m in a deal brokered by Colliers International.
The property has been acquired by Rothney Investments and will be operated as part of the Cotswold Cottage Gems portfolio.
Gemma Elizabeth, general manager of Rothney Investments said: “We are thrilled to welcome The Lansdowne ‘Rooms with Breakfast’ and its great team to the Cotswold Cottage Gems Portfolio.
“We already own and operate four Cotswold Cottages and look forward to showcasing our unique customer service and hospitality experience to the 7,000 or so guests who stay at The Lansdowne each year.”
Peter Brunt from Colliers International’s Hotels team said: “People looking to purchase the ideal pub or hotel business in the Cotswolds often start with Bourton-on-the-Water and the many other “honeypot” locations like Cheltenham, Burford, Stow, Chipping Campden and others of that ilk as customers flock to them in their thousands all year round.
“Bourton is a well-known tourism and visitor destination and The Lansdowne is just the right size to reap the benefits from this ever-popular location.
“Our vendor clients bought the hotel though me in December 2014 but have now decided to focus on alternative business opportunities having completed a very successful refurbishment and relaunch of The Lansdowne.”