Search
The Caterer

Devon hotel in historic house goes into administration

09 August 2012 by
Devon hotel in historic house goes into administration

The 19-bedroom Kitley House hotel - situated in a Grade I listed property in Devon - has gone into administration.

Administrator Ian Walker of Begbies Traynor said the hotel, which had been a victim of the economic climate and increased competition in the area, is open for business and will continue to honour all bookings while a new owner is found.

Situated within a 300-acre private estate in Yealmpton on the banks of the River Yealm near Plymouth, the hotel is available on a leasehold basis for £195,000. The lease runs for a period of 55 years with a current rent of £55,500 per annum. Year end accounts for the business show an annual turnover of £1,251,350.

While elements of the property date from Tudor times, the main part of the building was developed in the 18th century and today retains many period features including wood panelling, fireplaces and flagstone floors.

The property was converted to a hotel in the mid-1990s and since 1999, until the administration, was owned by Andrew Huckerby, who has previously held several prominent positions within the regional tourism industry including director of both Destination Plymouth and Visit Devon.

Property agent Christie + Co is handling the sale of Kitley House hotel.

Von Essen woes highlight struggle of regional hotels >>

Restaurants and hotels for sale >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
TagsHotels
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!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.