Indian investor snaps up Lake District country guest house

Grizedale Lodge Exterior

Grizedale Lodge near Hawkshead Ambleside has been acquired by India-based business Paramount United off an asking price of £1.1m.

The sale of the eight-bedroom hotel proves the attractiveness of the location to overseas investors, and marks the first international acquisition of a Lake District property represented by Colliers International.

Paramount United is a business owned by Gokul and Rashida Jaykrishna from Ahmedabad, who own other similar hotels in Europe and North America.

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Haydn Spedding, associate director, hotels agency at the Manchester office of Colliers, achieved the sale on behalf of retiring owners Richard and Deborah Charley, and said: “We believe this represents our first sale of a Lake District guest house to an Indian investor.

“The acquisition highlights the increasing appeal of the Lake District region to international investors following it being awarded World Heritage Status by Unesco and an important place in which to invest outside of London and the South East of England.”

Mr and Mrs Jaykrishna have not confirmed their plans for Grizedale Lodge but understood that its appeal and that of the Lake District was based partly on the type of place “where they like to spend time themselves”.

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Zoe Monk

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