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Daunceys Hotel in Weston-super-Mare, Somerset has been sold within only a few days of launching to the open market, sold off a guide price of £995,000.
The property is arranged over five floors with passenger lift access and offers numerous internal public rooms, ancillary areas, flexible owners’ accommodation and 72 letting bedrooms. The seafront side of the crescent features balconies, a wide trade terrace, conservatory, lawn gardens and patios.
The hotel had catered for the private leisure, corporate and coaching markets for a number of years under the ownership of The UK Holiday Group, one of Britain’s privately-owned holiday and hospitality companies. A strategic decision was made to sell Daunceys Hotel, which presented the market with an opportunity to acquire a sizeable hotel located in a prime position.
Supported Independence said: “We are really pleased to have purchased the closed Daunceys Hotel which was identified by North Somerset Council in 2017 as one of its designated locations for additional housing to 2026.
“Due to the closure of the hotel, we considered the building was now better suited to re-development and look forward to working with North Somerset Council to realise desperately needed new housing in this area.“
Matthew Smith, director at Christie & Co’s Bristol office, added: “We are thrilled to announce the sale of Daunceys Hotel. The UK Holiday Group made the decision to close the hotel to concentrate on other aspects of their business which presented an exciting opportunity to market this substantial asset.”
