Joint agents Knight Frank and Christie & Co have advised on the sale of Cotswold Inns & Hotels, a privately owned collection of seven hotels & inns located around the Cotswolds which also included two central Birmingham bars, to Fuller’s PLC.
The freehold collection, established in 1997 by Gloucestershire couple Michael and Pamela Horton, comprises Hare & Hounds Hotel, Manor House Hotel, Bay Tree Hotel, The Bear of Rodborough, The Close Hotel, The Lamb Inn and The Swan Hotel.
Each hotel is known for its distinctive character and modelled on English country homes, blending stone structures, antique furniture and artwork with modern luxuries, to offer 21st century luxury residences.
In total there are 201 en-suite bedrooms across all the properties and the hotels regularly sees high occupancy with strong demand from private leisure guests and for special occasions such as weddings. The Cotswolds is a popular destination for tourism, encapsulating quintessentially English architecture, a rich history and unspoilt countryside.
Matthew Smith, Partner at Knight Frank: “We were delighted to act on behalf of Michael & Pamela Horton. This portfolio was a unique investment opportunity, being the largest collection of privately owned Cotswold hotels, which carries further development opportunities.
“The strength of the Cotswolds Inns & Hotels assets being located in some of the Cotswolds region’s most picturesque villages and towns and their consistently high occupation, coupled with high quality property assets providing long-term secure income, appealed to a wide selection of both domestic and overseas investors.”
Peter Turner, Property Director at Fuller’s, said: “We are delighted that Michael and Pamela chose to sell to Fuller’s. Quintessentially English and renowned for a focus on fresh food, premium accommodation and an exceptional level of customer service, this collection of seven iconic country hotels is highly complementary to our existing strategy.”