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£3.4m Dolphin St Ives acquisition marks first UK hotel for US operator

03 February 2017 by
£3.4m Dolphin St Ives acquisition marks first UK hotel for US operator

Simon Wadsworth has sold the Dolphin hotel near St Ives, Cambridgeshire, to US-based hotel operator Aston Management Company for £3.4m.

The hotel is the first acquisition for the company's newly-formed UK arm, Cambridgeshire Hotels.

The family-run company has been in the hotel sector for nearly 40 years, constructing, owning and managing 16 hotels across Oklahoma, Texas and Kansas in the US with brands such as Holiday Inn, Marriott, Hilton and Best Western.

The purpose-built hotel and events venue had been a family-run business for more than 25 years, and recently underwent refurbishment.

Matthew Kavanagh, finance consultant at Christie Finance, assisted the family to secure the finance required and guided them through the purchasing process.

He said: "The company has been searching for the right business for over a year and I am glad that I could provide my expertise to secure funding to meet their exact requirements."

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