Regional hotel operator, Old Sarum Hotels, is looking for a new owner to take over the management of The Castle Hotel in Wiltshire, to allow the group to concentrate on its other businesses.
Christie & Co has brought to the market the coaching inn in the historic market town of Devizes, Wiltshire and is asking for offers of £175k for the leasehold interest.
Situated in the town centre, The Castle Hotel occupies an 18th century Victorian property and features an open plan coffee lounge and 35-cover main bar on the ground floor, with brick walls and wooden floors.
A separate restaurant area provides seating for 50 covers and up to 100 for events and functions, plus there is also a meeting room for 12 covers situated on the first floor.
19 bedrooms are arranged over the first and second floors, in addition to one small single, non-en suite room on the first floor, which could be let or used as staff accommodation, and a manager’s flat with two bedrooms on the second floor.
The hotel benefits from strong occupancy and presents significant opportunity for a new owner to drive the business forward by developing local affiliations, enhancing the food offering, hosting themed nights or music events, upgrading the letting rooms or improving the business’ online presence.
Old Sarum Hotels Ltd has a portfolio of four pubs and hotels, situated in Devizes and Salisbury and has owned The Castle Hotel for the last seven years.
Gary Morse comments: “We are selling in order to allow us to concentrate on our other hotel businesses. We believe that after seven successful years trading the Castle Hotel under management, it now needs a hands on owner operator to fully realise the value of the asset and to elevate it to the next level. Attaining the next level requires closer attention and greater involvement than myself and my partner, Jeremy King, can give to the site.”
Nicholas Calfe, director at Christie & Co is handling the sale and comments: “The sale of The Castle Hotel presents a rare opportunity to acquire a leasehold pub with a strong reputation in the quaint old market town of Devizes. We anticipate The Castle Hotel will generate significant interest, ideally suited for an owner operator looking to take the profitable and well established business to the next level.”