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Guyzance Hall, which owns a portfolio of luxury hotels, has acquired The Wordsworth Hotel and Spa in Grasmere, Cumbria, from a guide price of £4.95m.
The 39-bedroom hotel will be added to Guyzance’s growing portfolio of luxury properties including three in Northumberland, Edinburgh and Kelso in the Scottish borders.
Dating from the 17th century, when the original property was built as a shooting lodge by the Earl of Cadogan, The Wordsworth Hotel features a new restaurant, a conference suite, staff accommodation and leisure facilities including a heated indoor swimming pool and health and beauty spa.
The hotel, which sits in 2.5 acres, has reportedly traded well in recent years with an annual turnover of around £2.4m during 2014.
Mr Kortenbach, operations director at Guyzance Hall “We are delighted at this acquisition. It sits well with the company’s small portfolio, and I know that our major shareholders’ owners are very pleased.”
Julian Troup, head of UK hotels at Colliers International, who brokered the deal, said: “The Wordsworth is one of the Lake District’s leading country house hotels in a prime location, in the hugely popular tourist destination of Grasmere, and represents an ideal addition to Guyzance Hall’s burgeoning portfolio of country house hotels.”
