Property

Hotelier and Publican in rare property swap

The owners of a hotel and the owners of a pub in Witney, Oxfordshire, have come together in a rare double deal to swap their properties. 

The double deal took place when owner of the Elm Tree pub expressed an interest in the Witney Hotel which was currently on the market.

After realising the owners of the Elm Tree were willing to sell, the vendors of the Witney Hotel decided to purchase the Elm Tree, and the vendors of the Elm Tree purchased the Witney Hotel, enabling both parties to remain in Witney.

Property agent Fleurets acted on the double deal, in which the Witney Hotel sold off an asking price of £975,000, while the Elm Tree was purchased for an undisclosed sum.

Chris Irving from Fleurets, said: “Both parties were looking for a change of environment and the timing of the availability of both units turned out to be ideal so the unusual swap deal could take place.”

The vendors of the Witney Hotel, Rachel & Neilson McDermott, said: “We ran the Witney Hotel for just short of 15 years. The B&B served us well and gave us the flexible lifestyle we were looking for to bring up our young family. We enjoyed our time and many challenges over the 15 year period but felt it was time for us to move on and take up a new challenge.”

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