North East pub and hotel group, the Inn Collection, has acquired its first hotel in the Lake District.
The group has taken over the 24-bedroom Waterhead Hotel off a guide price of £2m from the Post Office Fellowship of Remembrance, an organisation that looks after former Post Office and BT workers.
The acquisition marks the Inn Collection’s ninth site, as the property joins inns at Alnwick, Seahouses, Holy Island, Blyth, Durham, Seaton and Newton-Under-Roseberry in the portfolio.
Waterhead Hotel first went on the market in January and is currently operated by Classic Hotels
Inn Collection managing director Sean Donkin said: “We are absolutely delighted to add The Waterhead Hotel to our portfolio as we continue our ‘buy and build’ strategic growth plans.
“The Lake District has been a prime focus destination for our company and the addition of this impressive property in such an idyllic location will further enhance our offering to leisure and business customers.
“We will continue to seek to grow our portfolio with selective acquisitions of units and new development opportunities that fit with The Inn Collection Group’s blueprint of providing quality accommodation, food and beverages in outstanding inn environments.”
The Alnwick firm already has inns at, while it is building a £4m new-build pub and hotel in Amble, Northumberland.
The Waterhead Hotel dates back more than 100 years and was used by the Victorian artist and critic, John Ruskin, paying host to many of his visitors, including Charles Darwin.
Inn Collection group is also currently building a new £4m pub and hotel in Amble, Northumberland.