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Jeake’s House, a historic hotel business in the centre of the Rye, has officially been sold to a local businessman, who operates other leisure assets, for £1.9m.
Having been under the same ownership for over 30 years, news of the sale coincides with the former owner’s retirement.
The property dates back to the 16th Century, when it originally comprised a school, a chapel, and a wool store.
Since then, the buildings have been sympathetically converted and combined into one “impressive and characterful” property with 11 individually-styled guest bedrooms.
The hotel also includes owners’ accommodation, a private garden, and ample parking.
Jeake’s House has established and maintained an excellent reputation, achieving AA Five Star status and strong reviews on TripAdvisor. The previous owners also benefited from repeat business from guests.
Simon Jackaman, hotels director at Christie and Co, who handled the sale, said: “It was a pleasure to act for our client on this sale. Jeake’s House is a real gem, and under our client’s ownership has established itself as one of the finest hotels in the area, with exceptionally strong levels of repeat trade.
“The business has been sold as a going concern to a businessman who operates other leisure assets in the area, and we wish them and their team the best of luck for their future.”
