Joint agents Knight Frank and Christie & Co have completed the sale of Cotswold Inns & Hotels to Fuller’s.
The freehold collection, established in 1997 by Michael and Pamela Horton, comprises Hare & Hounds Hotel, Manor House Hotel, Bay Tree Hotel, The Bear of Rodborough, The Close Hotel, The Lamb Inn and The Swan Hotel, while an eighth property, The Broadway Hotel is not form part of the deal and will retained by the Hortons.
In total, there are 201 bedrooms forming part of the sale and two central Birmingham bars included in the acquisition.
Matthew Smith, partner at Knight Frank: “We were delighted to act on behalf of Michael & Pamela Horton. This portfolio was a unique investment opportunity, being the largest collection of privately owned Cotswold hotels, which carries further development opportunities.
“The strength of the Cotswolds Inns & Hotels assets being located in some of the Cotswolds region’s most picturesque villages and towns and their consistently high occupation, coupled with high quality property assets providing long-term secure income, appealed to a wide selection of both domestic and overseas investors.”
Peter Turner, property director at Fuller’s, said: “We are delighted that Michael and Pamela chose to sell to Fuller’s. Quintessentially English and renowned for a focus on fresh food, premium accommodation and an exceptional level of customer service, this collection of seven iconic country hotels is highly complementary to our existing strategy.”