UK: The 38-room Glenridding Hotel, close to Lake Ullswater within the Lake District, has been acquired by the Inn Collection Group for an undisclosed sum.
The hotel features a coffee shop, bar, restaurant and conference facilities, as well as a nine metre indoor swimming pool, sauna and games room. It will continue trading until a soft refurbishment and remodelling of the property will take place later in the year.
Former owner, Hassan Ali, had been operating the hotel since 2007. Graham + Sibbald handled the sale on behalf of Ali.
Martin Davis, director with Graham + Sibbald, said: “We are sure that the Glenridding Hotel will prove to be an excellent addition to the Inn Collection Group, given the properties excellent location close to Lake Ullswater within the beautiful Lake District National Park.
“Despite the fact that the hotel was marketed by way of a confidential off market campaign, we were able to generate a high level of interest in the Glenridding Hotel for our clients which demonstrates that the appetite and demand for good quality well located hotels continues.
“We are pleased to have achieved a good result for both our clients, the Ali family, as well as the purchasers, the Inn Collection Group who have secured yet another hotel to add to their expanding portfolio. We wish the Inn Collection all the very best with their latest acquisition and look forward to watching their continued growth.”
Sean Donkin, managing director for The Inn Collection Group said: “The Glenridding Hotel is a real bucket list addition to the group. We are delighted to be expanding into further key Lake District areas in the UK’s most visited national park.
“Exceptional locations are very much a group USP and The Glenridding Hotel has this in spades. We look forward to building on the strong reputation this classic site enjoys and enhancing this with a careful refurbishment in line with our Eat, Drink, Sleep and Explore concept and brand.”
The acquisition of The Glenridding Hotel follows the group’s first expansion into Wales in December with the purchase of The Swallow Falls Hotel in the Snowdonia National Park.