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UK: Business property adviser Christie & Co has completed the sale of Yorebridge House, a boutique hotel in Wensleydale, Yorkshire, to owner DWC Hotels off an asking price of £3,800,000.
Yorebridge House is a Grade II-listed property set within six acres of private grounds next to the River Ure.
It features 12 individually designed ensuite bedrooms, The Orangery restaurant and bar, a flexible function room, and the Laurent Perrier wine-tasting room. A further two rooms are licensed for weddings.
The hotel has been owned David and Charlotte Reilly for 19 years. The couple said: “We have thoroughly enjoyed our years owning Yorebridge House and we are delighted to be handing over the reins to David and his team, who we know will nurture this fantastic business and its wonderful team of staff and continue to improve and develop it for a very exciting future.”
David Whitehead, director of DWC Hotels, said: “We are super excited about taking Yorebridge House on to its next chapter, with the development of a mini spa and barn conversion to add more accommodation. This is a unique venue and we are privileged to have been able to secure it and move forward in our business goals for the company.”
Jennifer Boynton, associate at Hay & Kilner, who provided legal advice to DWC Hotels, said: “It’s been a pleasure to advise and work with DWC Hotels on their acquisition of Yorebridge House. This purchase demonstrates that the leisure and hospitality industry remains buoyant and the demand for businesses in the sector continues. We wish them well with their new venture operating this iconic, boutique Dales hotel, which will be a great acquisition to their already successful portfolio.”
David Lee, regional director – hotels at Christie & Co who managed the sale, added: “I have known Dave and Charlotte Reilly for a number of years and we all worked closely together to firstly agree an exit strategy, and then during the process of selling the hotel to maximise interest but limit disruption to the day-to-day running of the business. We were pleased to conclude the sale of Yorebridge House to David Whitehead.
“Yorebridge House is one of the finest examples of a boutique hotel in the country and it was a privilege to be involved in the sale. I would like to thank Dave and Charlotte for the opportunity and would like to wish David every success in the new venture and his expansion plans.”
Appeared first on: boutiquehotelnews.com
