Yeoldon House Hotel sold for almost £1m

The Yeoldon House Hotel in Bideford, Devon, has been sold to an “experienced” hospitality operator for £995,000.

The 10-bedroom property was constructed in the 19th Century as a grand gentleman’s residence and has been “extensively” refurbished in recent years and features a bar and guest lounge, as well as a breakfast room/restaurant both of which can accommodate 20 guests.

Simon and Emma Morris, who purchased the hotel, plan to convert the property into a luxury self-catering holiday let. Simon is one of the founders and part owner of Travel Chapter, a holiday letting agency that operates brands such as holidaycottages.co.uk.

Simon said: “We are both local people and have known Yeoldon House personally for many years. We are delighted to be buying this historic house and have some exciting plans for the future. Dealing with Christie and Co was a pleasure from start to finish and they even made our dog very welcome when we popped into see them.”

The business was owned and operated for the past six years by John and Ilona Mineikis who sought a sale in order to retire. They said: “It seems a little sad to leave Yeoldon House after so many years but then all good things have to come to an end at some time. We met a lot of people and catered for many weddings and functions.

“Although at times it was quite hard work, it was a joy to be part of other people’s lives. We are pleased and happy for Simon and Emma who have wonderful plans for Yeoldon House opening a new chapter in her history. Many thanks to Stephen and his team at Christies for such a smooth operation.”

Stephen Champion, director at Christie and Co, who handled the sale, added: “We are delighted to have sold Yeoldon House Hotel on behalf of our clients and look forward to seeing how the business is transformed over the coming months under Simon and Emma’s ownership.

“We predict 2020 to be a positive year for transactions as we move past the uncertainty caused by Brexit and the election.”