Edgar House in Chester has gone up for sale, less than a year after being named Europe’s Most Romantic boutique hotel.
The 7-bedroom hotel and riverside Twenty2 restaurant is on the market with an asking price of £2.95m.
Current owners Tim Mills and Mike Stephen who have been at the helm since 2010 now plan to retire and are offering incoming owners the chance to operate the business to full capacity.
Edgar House is also home to a lounge, cinema room and owners accommodation, alongside the bedrooms and popular restaurant.
Earlier this year it was revealed that planning permission had been sought to transform the building next door into four new bedrooms, which had been met with some contention from residents.
In 2016 Edgar House also won TripAdvisor’s award, No1 Small Hotel in the World.
Tim and Mike purchased Edgar House in 2010 and, following an extensive three year development, opened the site as a hotel, immediately gaining an AA five gold star rating.
Mr Mills and Mr Stephen comments: “We are very proud to have achieved what we had set out to do and more, but it has always been our plan to retire in the coming 12 months. We are delighted to be leaving the business in a position of strength with an excellent reputation and in a fantastic position for growth. We have loved running the hotel as a lifestyle business by restricting our number of guests, but for new owners, opening to full capacity, as well as considering the expansion plans for the restaurant extension and increased bedrooms in the next door property, will hopefully offer a superb opportunity for growth.”
Tom O’Malley, senior agent at Christie & Co who is handling the sale comments: “There is a current gap in the market for luxury wedding and celebration venues in Chester. In the first quarter of 2018, Edgar House received 82 enquiries for wedding functions to be held in the hotel, without them even marketing events as one of their services.
“Architectural drawings have been completed for an orangery style extension overlooking the river to create an additional 75 covers. Edgar House presents a terrific opportunity to acquire a thriving business and wedding venue.”