Four-star Cardynham House sold for £1.1m

Cardynham House in Gloucestershire has been sold by specialist business property adviser Christie & Co for an asking price of £1,100,000.

The Cotswold hotel, formerly a 15th Century merchant’s house, is graded a four-star ‘Guest Accomodation by Quality Tourism.

The guesthouse is situated in the village of Painswick and includes nine bedrooms, a ground floor bistro and a private indoor heated swimming pool.

The business had been run by John Peterson for the last 21 years, who decided to sell to pursue retirement, and was purchased by Tom Leahy.

Richard Thomas, Christie & Co’s business agent who handled the sale, said: ‘‘As a classic example of traditional Cotswold architecture … Cardynham House is a great example of how good businesses retain their market desirability despite the ongoing economic impact of Covid-19 on the hospitality sector. 

‘‘Painswick is highly regarded as one of the best places in the Cotswolds to visit and we are delighted to have assisted the seller in retirement and passing this excellent business onto a new owner.’’