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Wordsworth hotel and spa in Grasmere sold for £5m

03 February 2015 by
Wordsworth hotel and spa in Grasmere sold for £5m

Gyzance Hall, an expanding group of hotels in the north of England and Scotland, has acquired the four-AA-star, 39-bedroom Wordsworth hotel and spa (pictured) in Grasmere, Cumbria, for £5m.

The hotel will join a portfolio of properties that includes three hotels in Northumberland (Doxford hall, Guyzance Hall and Eshott Hall), as well as Dalhousie Castle in Edinburgh and Ednam House in Kelso.

Originally built as a shooting lodge by the Earl of Cadogan in the 17th century, the Wordsworth hotel has been sold by Iain Garside, who is retiring from the hospitality industry, having invested heavily in the property in recent years. Last year the hotel achieved a turnover of £2.4m.

Today the hotel, which is located in grounds of 2.5 acres, features a two-AA-rosette, 80-cover restaurant, conference suite, indoor swimming pool and spa.

Eric Kortenbach, operations director of Guyzance Hall, said: "We are delighted at this acquisition. It sits well with the company's small portfolio, and I know that our major shareholders' owners are very pleased".

Julian Troup, head of UK hotels at Colliers International, the property company that brokered the sale, described the Wordsworth as "one of the Lake District's leading country house hotels in a prime location".

Guyzance Hall buys Ednam House hotel in Kelso, Scotland >>

Former chef appointed general manager of Dalhousie Castle >>

TagsHotels
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