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The Priory Inn near Tetbury, the Cotswolds, has been sold off a guide price of £1.95m by business property adviser Christie & Co to Swindon based Arkells Brewery
The property is situated near to the Highgrove House, the family home of HRH The Prince of Wales, and consists of 14 en-suite letting rooms, four principle trade areas including a 82-cover restaurant and a car park.
Former owners Dave and Tanya Kelly put the hotel up for sale after deciding to retire from the hotel industry.
Chairman of Arkells Brewery, James Arkell, said: “We are delighted to be in Tetbury, a historic market town. The Priory Inn fits into our expanding portfolio of town bars with rooms. The owners and Christie & Co have been more than helpful and we look forward to getting to know our customers.”
Matthew Smith, director at Christie & Co’s Bristol office also said: “We are delighted to announce the sale of The Priory Inn. The sale presents an exciting time for [the property] and all its customers as this local brewer of 175 years with pubs, inns and hotel move the business onto the next successful phase.”
In a statement, the Kellys said: “After a very personal journey owning and operating The Priory Inn, we confidently hand the reins to Arkell’s family brewers, knowing that they will maintain the venue’s position at the heart of Tetbury’s great community.”
