Rosevine hotel in Cornwall changes ownership

20 June 2016 by
Rosevine hotel in Cornwall changes ownership

A coastal boutique hotel on Cornwall's Roseland Peninsula had been bought by a South African private equity fund for an undisclosed sum.

The sale of the Rosevine, near Portscatho, marks the second acquisition for Fairtree Hospitality Private Equity Fund in the UK hospitality market. It follows the purchase of the Old Quay House hotel in Fowey in September 2015 for just under £2m.

The property, which offers 15 apartments and suites, will be managed by boutique hotel management specialists Providence Hospitality under the direction of Martin Nicholas, who has recently been appointed regional manager.

All hotel employees will remain in their current positions.

Joe Bester, fund manager of the Fairtree Hospitality Private Equity Fund said: "We made our first move into the UK hospitality market last autumn and couldn't be happier to be focusing our investments on Cornwall, and continue to look for special properties such as this.

"The Rosevine offers a unique combination of self-catering and hotel facilities where families or couples can enjoy a luxury seaside holiday in a relaxed yet upmarket environment."

A hotel for many years, the Rosevine was purchased by Hazel and Tim Brocklebank in 2007. It relaunched as a new accommodation and wedding venue in spring 2008 following a complete redesign and refurbishment.

Stephen Page at Stephen Page & Partners acted as agent for the hotel. The deal was managed by Gavin Poole at solicitors Stephens Scown LLP on behalf of Hazel and Tim Brocklebank. Fairtree was represented by Jonathan Wilde of Wilde Law and HSBC are acting as bankers for Fairtree.

Old Quay House hotel in Fowey sells for £1.9m >>

New GM for Idle Rocks and St Mawes hotels >>

Idle Rocks' owners acquire second hotel in St Mawes >>

Looking for a job? See all the current hotel vacancies available with The Caterer Jobs >>

Latest video from The Caterer

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Check mark icon
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.


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.

trade tracker pixel tracking