Deals have been secured for two hotels in Derbyshire’s Peak District which both date back to the 17th century.
Specialist property adviser Christie & Co has said it has completed the sales of The Izaak Walton and The Maynard.
The Izaak Walton, at Dovedale, near Ashbourne, is a three-star hotel offering 38 en-suite letting rooms for guests.
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Its facilities include the Dovedale Bar and Lounge and the Haddon Restaurant, as well as five dedicated function spaces for conferences and weddings.
According to Christie & Co, the hotel benefits from steady local tourism, as well as passing trade due to its proximity of the Dovedale Stepping Stones.
The vendor, James Keay, approached Gavin Webb, senior business agent at Christie & Co to handle the sale as he is now looking to retire from the hotel trade.
Mr Keay bought 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, who has more than 20 years’ experience in the hospitality sector and previously operated a hotel in the Lake District, which was sold last year.
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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, based at Grindleford, near to the historic Chatsworth House, was brought to market by the vendor so that they could retire.
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The hotel and wedding venue boasts 10 en-suite letting rooms, bar, restaurant and two dedicated function rooms along with separate manager’s accommodation. The identity of the buyer has not yet been released.
The deals comes on the back of the successful sale by Christie and Co of another historic Derbyshire hotel, Callow Hall, last year.
Commenting on the latest deals, Mr 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.
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“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.
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“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.”