The Kilbirnie Hotel, in the seaside town of Newquay in Cornwall, has been sold to a growing hospitality company following almost three decades under the same ownership.
The seafront property, home to 66 bedrooms, a bar and function room, plus a 150-cover restaurant, has been owned by Bobbie Cobley for the last 30 years who has managed the hotel together with her daughter.
The hotel is arranged over four floors and boasts leisure facilities as well as a large commercial catering kitchen, extensive ancillary areas and an owner’s apartment.
Now Kilbirnie Hotel has been acquired by Variegate Properties Limited, who also purchased the Crown Hotel in Cumbria in 2017.
Stephen Champion, senior agent at Christie & Co comments, “The Cornish hotel industry has reaped the rewards of the weaker pound over the last season, with many owners reporting an increase in their top line hotel revenue. Buyer demand in Cornwall remains strong, with interest coming from both regional and international operators. The Kilbirnie Hotel sale follows the recent completion of Hustyns Hotel & Spa, near Wadebridge, to another expanding international hotel group.”