Specialist hotel and leisure agents Graham + Sibbald are delighted to announce the sale of the Freehold interest in the Glenridding Hotel, which is situated close to Lake Ullswater within the Lake District National Park.
The elegant 36 bedroom full service, Glenridding Hotel which is surrounded by impressive Lake District countryside offers comfortable accommodation and was famously used by Donald Campbell as a base for his 1955 world water speed record attempt during which he exceeded 200 miles per hour.
The hotel is situated in a prominent trading position fronting the A592, less than 0.1 miles from the shore of Ullswater Lake and approximately 14 miles from Junction 40 of the M6 Motorway.
The hotel which has been owned and operated by Mr Ali and his family since 2007 boasts excellent public areas including various lounges, bars, restaurants, coffee shop, billiard room and leisure facilities comprising a 9 meter heated indoor swimming pool, sauna and games room.
Martin Davis, Director with Graham + Sibbald who handled the sale on behalf of the former owners Hassan Ali and his family, said:
“We are sure that the Glenridding Hotel will prove to be an excellent addition to the Inn Collection Group, given the properties excellent location close to Lake Ullswater within the beautiful Lake District National Park.
Despite the fact that the hotel was marketed by way of a confidential off market campaign, we were able to generate a high level of interest in the Glenridding Hotel for our clients which demonstrates that the appetite and demand for good quality well located hotels continues.
We are pleased to have achieved a good result for both our clients the Ali family as well as the purchasers, the Inn Collection Group who have secured yet another hotel to add to their expanding portfolio. We wish the Inn Collection all the very best with their latest acquisition and look forward to watching their continued growth.”
For further information please contact:
Graham + Sibbald
M: 07840 022 259
49 King Street, Manchester, M2 7AY