Millgate House Hotel sold for £840,000

Date of Press Release: 16|2|2010

With its large conservatory bar and restaurant, the hotel offers further potential to develop the business. The Grade II listed building contains 37 bedrooms.

Hugh Anderson, Partner at Edward Symmons comments: “This sale represents a positive sign for the hotel market generally, we have seen increasing activity in the market in recent months. Some exceptional hotels have become available in the past year both on a formal and off market basis.  As Millgate House Hotel highlights some real opportunities are available for cash rich buyers to snap up property at prices that would have been unheard of 18 months ago.”

Edward Symmons acted jointly with Colliers Robert Barry on the sale.

For further press information please contact Sophie Elliott at Redwood Consulting on 020 7828 5553. sophie@redwoodconsulting.co.uk