Christie & Co has recently completed on the sale of two hotels in the Peak District National Park, highlighting an increasing level of demand within the area.
The sale of The Izaak Walton hotel and The Maynard were sold to new owners following significant interest in the hospitality businesses, demonstrating the strong pulling power of properties in the Peak District.
The Izaak Walton is a 17th century AA three-star hotel comprising 38 bedrooms, the Dovedale Bar & Lounge and the Haddon Restaurant, as well as five dedicated function spaces for conferences and weddings.
The vendor, James Keay purchased the hotel out of administration around five years ago and has successfully turned the business around with the support of the management team.
The business has been purchased by Terry Davie, a knowledgeable operator with over 20 years’ experience.
He previously owned Queens Hotel in Ambleside with his wife Mary Albert-Davie, until its sale last year.
He plans to continue building on the successful trade with the support of the existing management team who will be retained as part of the sale.
The Maynard is a17th century hotel and wedding venue comprising 10 bedrooms, bar, restaurant and two dedicated function rooms along with separate manager’s accommodation. It has been sold to an unnamed buyer.
Commenting on the sales, Gavin Webb said “I’m really pleased to have completed on these hotel sales in the Peak District, following on from the sale of Callow Hall in 2018. We had a lot of interest in The Izaak Walton and I am very confident the business is in competent hands under Terry’s ownership. The Maynard also received a lot of interest when it was first brought to the market and we wish the new owner every luck with his future plans. The sale of these assets demonstrates the strong level of demand we are experiencing for good quality hospitality businesses across the Peak District.”