Dumbleton Hall, a country house hotel in the Cotswolds Area of Outstanding Natural Beauty, has been sold to a US-based buyer for an undisclosed sum off a guide price of £6m.
The Grade II listed property houses 38 bedrooms and is set in nearly 16 acres of parkland with an ornamental lake.
The former manor house has a history dating back to 1534, and is located near the border between Worcestershire and Gloucester, between the riverside market town of Evesham and the Regency spa town of Cheltenham.
As part of the sale, Dumbleton Hall is now owned by Dumbleton Hall Hotel Property Company Limited, a newly incorporated company, which is controlled by Paul Vezolles, president of Chatham Park Development L.L.C, Charlotte, North Carolina, in the United States.
Peter Brunt, hotels agency director at Colliers, who lead the sale said that Dumbleton Hall is the most “significant single asset hotel opportunity to become available in the Cotswolds for a generation”.
He also noted that the completion of this sale “during an elevated period of uncertainty brought about by the effects of Covid-19 shows how high quality hotel assets will continue to appeal to the market”.
He said: “The fact that the successful bidder is an overseas buyer highlights a trend we have noted among the hotels we are marketing, and underlines how international investors can see the enormous potential available in premium UK hotels which are already established businesses but also have potential for significant further growth.”