UK: Miller Howe Hotel in Windermere has been sold for an undisclosed sum off a guide price of £2.85 million to a local businessman.
The 15-bed, AA three-star hotel features a restaurant, bar and conservatory, parking for 30 cars, and Miller Howe Cottage – a detached building converted into additional letting accommodation with shoreline lake views.
Celebrity chef John Tovey launched Miller Howe in 1971 with an investment of £53,000. By 1989 the hotel and restaurant became known internationally.
The property was later sold to Charles Garside, former editor of The European newspaper and now assistant editor at The Daily Mail. Garside managed the business alongside his brother and sister-in-law.
Julian Troup, head of UK hotels agency at Colliers, handled the sale. Troup said: “Miller Howe is arguably the most high-profile and prestigious small country house hotel in the Lake District National Park, offering unrivalled views over Lake Windermere. Its landmark status and outstanding location resulted in a strong level of both domestic and international prospective buyers, who were prepared to reflect the potential and real estate value in their assessment of the opportunity.”
“Colliers is continuing to experience a high level of serious interest in hotels and hospitality businesses,” he added, “and our sale of Miller Howe brings the total to 21 sales completed by Colliers since the beginning of last year.”
