Bloomsbury Realty Management takes over Orwell hotel
Bloomsbury Realty Management, a London-based hotel company, has taken on the operation of the 68-bedroom Orwell hotel in Felixstowe, Suffolk.
The long lease of the hotel was offered discreetly to the market by leisure property specialists Fleurets on behalf of the owner, Manor Investments (Ipswich), itself owned by Suffolk property millionaire Richard Cattermole.
Bloomsbury Realty Management has a portfolio of four hospitality businesses, three hotels in central London and a country house wedding venue in south London. The hotel received a major refurbishment in 2003 and the company plans further investment in the hotel and has confirmed improvements will be carried out "over time".
The hotel dates back to 1898 and was sold to Manor Investments in 2002. The company which operated the hotel, Elizabeth Hotels, was placed into administration in 2009, although the hotel continued to trade outside the administration.
Bloomsbury Realty Management operations director Gehan Raj said: "We are delighted to add the Orwell hotel to our growing portfolio. The Orwell hotel has been long established in Felixstowe. It is ideally located and we believe it has great potential."
Bob Whittle of Fleurets added: "My brief was to seek and find a competent and experienced hotelier to take over the total operational running of the business in its entirety. Strong and varied interest in the business opportunity was expressed but I am delighted that Bloomsbury Realty Management has secured this substantial 68-bedroomed hotel and functions business and I wish the company much future success."
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