Barons Eden Group acquires the Dial House hotel
The Barons Eden Group has acquired the 15-bedroom Dial House hotel in Bourton-on-the-Water, Gloucestershire, off a guide price of £1.95m.
The group operates Hoar Cross Hall in Burton-upon-Trent, Staffordshire; Eden Hall near Newark-on-Trent; and Huxleys café in Chipping Campden, Gloucestershire. It has acquired the Grade-II listed Cotswolds hotel, which holds five stars in the AA's guest accommodation category, from Elaine and Martyn Booth, following a deal brokered by Colliers International.
The Booths' hotel business previously included the Grapevine hotel, also in the Cotswolds, which was sold to pub operator Brakspear last year and reopened as the Sheep on Sheep Street. The couple still own the Royal Adelaide hotel in Windsor.
Adrian Pearson, a director of Barons Eden Group, said the Dial House was trading well and would continue to be run as a boutique hotel "with the odd tweak", with the option of further investment through a soft refurbishment later.
Colliers International hotels director Peter Brunt added: "Our clients bought the hotel in 2008, the start of what became a small local group of hotels. The others have been sold and they decided, despite the success they have had in growing revenue at the Dial House, to consolidate around their other business interests and to offer the hotel for sale."
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