Choice Hotels (Blackpool) has sold the Patterdale Hotel in Patterdale to Lake District Hotels for an undisclosed price.
The hotel, which is located in the heart of the Lake District, was marketed at a guide price of offers in the region of £3.95m.
The Patterdale Hotel, which was built in 1626, sits on a circa six-acre site and features 60 en-suite letting bedrooms, extensive staff accommodation and public areas, including the Place Fell Inn lounge bar, a cosy interconnecting snug, the West Lounge seating around 40 people, and a restaurant seating 66.
Lake District Hotels already owns six hotels in the Lake District, including the Lodore Falls Hotel and Spa, Derwentwater and the highly regarded four-star Inn on the Lake.
Choice Hotels (Blackpool) owns four other hotels, including the 73-bedroom Keswick Country House Hotel, which is located close to Keswick town centre and is currently being marketed for sale by Colliers.
A spokesperson for Choice Hotels said: “It has been a privilege to steward the Patterdale Hotel for more than 25 years, investing significantly in refurbishments and upgrades. The hotel enjoys a loyal customer base, and we wish the new owners every success as they take the business into an exciting new chapter, building on this solid foundation and capitalising on the hotel’s unique setting.”
Dani Hope, director of Lake District Hotels, added: “We are excited to add the Patterdale Hotel to our collection of Lakeland hotels. We have extensive plans to upgrade the accommodation and to trade the hotel alongside our other properties in the north Lakes.”
Julian Troup, head of Colliers’ hotels agency team, which acted on behalf of the vendor, said: “The Patterdale Hotel unsurprisingly generated significant interest from a diverse range of interested parties. The opportunity offered an enviable location, extensive accommodation, and solid trading performance, making it a highly attractive proposition. This transaction is further evidence of the Lake District’s continued ability to attract strong domestic and overseas investment.”
