Rothay Garth Hotel in Ambleside has been sold to Your Place Ltd for the price of £1,175,000.
Andy Miles and Serena von der Heyde, Husband and wife and owners of Your Place Ltd, has announced the purchase of a successful Lakeland hotel from global commercial real estate firm Colliers.
Rothay Garth Hotel, which had been under the ownership of Simon Clark since 2019, will be taken over by Andy Miles, investor and owner of Your Place. The property was sold for the price of £1,175,000.
The Victorian property, constructed of traditional Lakeland stone, currently trades as a 15-bedroom bed and breakfast with owners’ accommodation, overlooking tennis courts, a bowling green and landscaped gardens.
The Lakeland hotel sits within a high-profile trading location in the sought-after destination village of Ambleside with breathtaking views and easy access to Lake Windermere and the Lake District National Park. The hotel undertook considerable refurbishment under previous owner Simon Clark, who has decided to retire from the industry, and recently received an award for Visit England 4-Star Quality Bed and Breakfast Refurbishment.
Andy Miles, new owner of Rothay Garth, is working in partnership with his wife Serena von der Heyde, and the teams of Victorian House (Grasmere) and Georgian House (London) said: “I am very much looking forward to this new venture working with Serena and our team, building on the quality and reputation they have established. My family live locally so the area holds a special place in my heart. I am excited to open the doors to customers old and new, and I look forward to providing memorable experiences in this great central location. We have exciting refurbishment plans for the future and look forward to sharing more details on this as we go into the new year.”
Neil Thomson, associate director in the Hotels Agency at Colliers comments: “Rothay Garth Hotel is a highly acclaimed hotel in a high footfall area, catering for a mix of domestic and international clientele. The extended conservatory has ample capacity for residents and passing trade.
“The Lake District National Park continues to be an incredibly strong and reliable market to invest in with ever-growing confidence, particularly within the hospitality trade. So far, Colliers has sold 43 hotels in the region since the beginning of 2021. We predict the activity to continue and expect to see the market for these types of lifestyle businesses, attracting national and international buyers.”
