The Chapters Boutique hotel and bistro in North Yorkshire has welcomed Andrew Lyndon-Dykes as its new owner.
Lyndon-Dykes is a former venture capitalist and management consultant who owns a number of companies outside the hospitality sector.
The property features 12 individually designed bedrooms and was previously owned by Shepherd Cox Hotels.
Commercial real estate specialists Christie & Co offered a new lease for a trading business with a full staff complement and “decent reputation”.
Commenting on the acquisition, Lyndon-Dykes said: “My wife, Michelle and I are seasoned travellers and diners, between us clocking up over 4,000 hotel stays and 7,000 meals out during our business dealings. We feel that this gives us an excellent insight into what travellers and diners want.
“We have grand plans for the future of Chapters, we will be changing the menus, providing consistently high quality food and there will also be a cafe menu including traditional afternoon teas to fully utilise the wonderful garden which overlooks the river.
“We also intend to cater for meetings, conferences and events, and we have a very exciting idea for the bar, however this must remain a secret for the moment.”
Mark Worley, director at Christie & Co’s Newcastle, said: “Our client is a large national firm of hotel operators and they purchased Chapters back in 2016 to add to their growing portfolio, which includes a number of hotels in the area including The Hartlepool Grand, TheCroft Spa at Hurworth and The George Hotel at Piercebridge.
“With only a dozen bedrooms however, it soon became clear that Chapters did not fit their business model, so rather than sell the hotel, they asked me to find a suitably experienced and innovative tenant who would invest in the site and to take the business to the next level.”