:
UK: The price of the Holm House boutique hotel in Penarth, Wales, has dropped as agents Christie & Co look for sale by sealed bids.
The 12-bedroom hotel and spa closed in May due to adverse trading conditions and was initially put on the market at £2.5 million, but the price has been dropped to “in the region of £1.5 million”, with a closing date for sealed bids of December 7.
Jonathan Hill of Christie & Co said: “Holm House is a beautiful building with the potential to be a thriving business. Its location and high quality interiors make it attractive to hoteliers looking to extend their portfolios. We anticipate a great deal of interest.”
The 1920s property features a bar, restaurant, meeting room, spa, indoor pool, jacuzzi, two treatment rooms and a two-bedroom owner’s house with gardens.
www.christie.com
