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Multi-lingual team take over Cheltenham hotel

29 August 2008 by

The Moorend Park hotel in the Cotwold spa town of Cheltenham has been bought by Elvira Mansfield.

Mansfield, who formerly owned a hotel in Broadway, is of Ukrainian origin. She and her hotel manager can speak a combined seven languages and they plan to build up a strong international clientele for the Gloucestershire hotel.

The detached, high-ceilinged, Victorian townhouse has a prominent location on one of the main routes into the town.

Facilities include nine bedrooms to sleep 18 guest, two lounges, a 28-seat breakfast room and two car parks.

The spacious, three-bedroom owners' accommodation occupies the entire lower ground floor.

The hotel has traded to date on a B&B basis and has a projected £90,000 turnover for the year to 31 March 2008.

For the year to 28 February, 2006, it achieved a trading profit of £90,657 on a £133,097 net turnover.

The Cirencester office of Colliers Robert Barry sold the freehold off a guide price of £875,000.

By Angela Frewin

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