Hotels

Lake District hotel on sale for £3m

A Lake District hotel has been brought to market off a guide price of £3m.

New Dungeon Ghyll is located on an eight-acre site at Great Langdale, Ambleside, Cumbria, offering “panoramic views” of the Langdale Valley. 

The site features 23 en-suite bedrooms, as well as a restaurant, bar and several lounges. It also offers “beautiful landscaped gardens” in its surrounding grounds.

Originally a farmhouse, the site became a hotel in 1832, and was acquired by its current owners, Mr and Mrs J Smith, in 1991. The couple said they now “hope to focus on other business interests”.

Julian Troup, head of UK hotels agency at Colliers International, said: “Having worked tirelessly over almost 30 years to transform New Dungeon Ghyll into one of the Lake District’s most renowned country hotels, J & J Smith Hotels are offering new owners the opportunity to acquire a well-established and popular business in a stunning location in the Lake District, a UNESCO World Heritage Site.”

Troup, who is managing the sale, added: “The Lake District remains one of our most productive UK regions for hospitality sector transactions and we’re confident of attracting a strong level of interest in the property.”

In the year to end December 2018, the business generated a turnover of £1m, with “high profit margins and potential for further improvement in its financial performance along with further development potential”.

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