Upwardly mobile 20 September 2019 The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
In this week's issue... Upwardly mobile The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
Read More
Search

Aria Resorts acquires Priory Bay hotel as part of £30m investment plans

19 December 2017 by
Aria Resorts acquires Priory Bay hotel as part of £30m investment plans

Aria Resorts has acquired the Priory Bay hotel as part of its £30m investment plans for the Isle of Wight.

The hotel went on the market in September 2016 for £3m after going into administration, and was formerly owned by James and Andrew Palmer (founder of the Covent Garden Soup Company), who purchased the hotel in 1997.

The 44 bedroom property is set in a 48-acre estate near Seaview, and has a private beach, with the Grade II-listed country house at its centre offering 18 suites.

Plans have been drawn up by the UK-based developer to develop the hotel and site with a new spa and restaurants, with a view to re-open the hotel in early 2019.

Aria Resorts already owns the Bay Filey, a development of holiday cottages, apartments and beach houses in North Yorkshire, and Gara Rock, a resort currently being expanded in Salcombe, Devon.

Edward Andrews, a director of Aria Resorts, said: "Our aim is to build one of the UK's leading, responsible holiday operators by investing millions of pounds into upgrading facilities on the Isle of Wight. The island is one of the finest places in Britain to take a holiday, with its stunning coastlines, wide range of festivals and a growing food scene. With this expansion, we will be creating many permanent jobs and contributing to the growth of the local economy."

Priory Bay hotel on sale for £3m after going into administration >>

Hotels: The Wight stuff >>

Rooted in the present >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!