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Hotels

St Moritz Hotel brought to market for £8m

The St Moritz Hotel near Rock, Cornwall, has been brought to the market for the first time since its development for over £8m.

The purpose built hotel and spa sits in an elevated position above the surf resort of Polzeath, and features 55-bedrooms, 15 apartments and 38 villas alongside the Cowshed Spa, leisure club, a bar and two restaurants.

Set in 8.9 acres (3.6 hectares) of landscaped gardens, the property has several active planning permissions including an extension to create a new spa, and the provision of eight further luxury suites.

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James Greenslade, in the hotels team at Savills Exeter, who is handling the sale, said: “St Moritz offers a rare opportunity for an investor to acquire an established and  internationally regarded resort.

“The hotel is in an excellent location in the heart of the UK’s number one second home market – the north Cornish coast – close to Rock, Padstow and Polzeath. There are significant opportunities for a new owner to develop the resort further and enhance the business.”

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