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Luxury holiday home operator Maison Parfaite has announced its acquisition of The Burgoyne Hotel in the Yorkshire Dales for an undisclosed sum.
The hotel, which is a Grade II-listed building with 11 bedrooms, a guest lounge and the 1783 restaurant that holds an AA Rosette, is located in the village of Reeth in the Swaledale Valley.
The acquisition comes as previous owner of The Burgoyne, Ian Hewitt, who has operated the venue since 2017 and oversaw its refurbishment in the subsequent years, has decided to “let someone else take the reins to capitalise on the investments”.
The new owners, husband and wife team Sarah and Sean McDermott, are the founders of Yorkshire-based hospitality company, Maison Parfaite, which operates luxury holiday homes across the Northeast.
Sarah McDermott said: “My husband and I are absolutely thrilled with our new acquisition. We first stayed at The Burgoyne a few years back, when we were renovating our very first holiday home in Aysgarth, just in the next Dale. We instantly fell in love with The Burgoyne, so when it came up for sale, we just had to add it to our portfolio of fabulous holiday homes.
“We are very grateful to Ian and to all at Christie and Co, for allowing us the opportunity to purchase this wonderful, iconic building and we’ll be sure to do her justice with a fabulous renovation coming soon.”
Mark Worley, director and hospitality agent at Christie and Co, said: “The Burgoyne is a superbly presented hotel which generates excellent profits and boasts an idyllic location in a National Park. It therefore ticks three very important boxes on the list of current buyer requirements. We are very pleased that Sarah and Sean have bought the business, with the intention to continue to provide high quality accommodation for the Yorkshire tourist and leisure economy.
“This sale demonstrates that the current hotel market remains buoyant and the demand for hospitality businesses continues despite the challenges around operating costs.”
