Stephanie Booth exits hotel trade with sale of Ye Olde Anchor Inn

03 September 2013 by
Stephanie Booth exits hotel trade with sale of Ye Olde Anchor Inn

Leisure entrepreneur Stephanie Booth, who appeared in BBC Wales fly-on-the-wall documentary series Hotel Stephanie, has exited the hotel trade following the sale of Ye Olde Anchor Inn in Ruthin, Denbighshire.

The hotel was sold from an asking price of £299,000 by the North West office of real estate advisors Colliers International in Manchester.

The Inn, which dates back to 1742 and traded as a town centre hotel, has been acquired by co-educational day and boarding school Ruthin School from Mapleleaf Holdings which closed the hotel in late 2012.

The sale marks the final exit from the hotel trade for Booth, a trustee of the pension fund that owns Mapleleaf Holdings. She previously ran Llangollen Hotels, which at one point owned seven hotels in North Wales and Cheshire before it, and its parent company Global Investments Group, collapsed into administration in 2011.

Booth said: "I'm pleased that Ye Olde Anchor has found such a worthy new lease of life. This leaves me free to concentrate on our four large international businesses and Yattar Yattar magazine."

Ruthin School, which itself dates back to 1284 and caters for pupils aged 11-plus, is situated next to the hotel and plans to redevelop the site with new accommodation for its boarding pupils.

Neil Thomson, associate director in the specialist hotels agency team at the North West office of Colliers International in Manchester, secured the sale on behalf of Mapleleaf Holdings.

He said: "The hotel was placed on the market after the previous owners took the decision to close the hotel in late 2012.

"Strong levels of interest were generated from a wide range of buyers including existing hotel operators and developers, offering a glimmer of hope to business and property owners that the market may be starting to see evidence of a recovery."

Former Llangollen Hotels Group property Bryn Howel sold out of administration >>

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