UK: South Lakes Hotels is offering the Riverside Hotel in Kendal, Cumbria for offers over ₤ 4.5 million.
The 58-room home includes conference facilities, recreation facilities and two eating places. It lies on the financial institutions of the River Kent beneath the damages of the town’s 12th century castle.
Colliers has been appointed to market the hotel. Associate director, Robert Smithson, claimed: “This is an unusual opportunity to buy an established resort situated in an extremely preferred vacationer location extremely close to the The Lake District National Park, among the UK’s premier tourist destinations. The hotel is an effective organization in its own right, gaining from solid trade from a wide variety of income streams.
” Whilst The Lake District is a largely booming National Park, there are few large conurbations with the Riverside being among the largest resorts in Kendal, and with inbound tourists numbering an average of 15.5 million annually to the Lakes, it really has actually confirmed itself to be a visitor location.
” The Riverside Hotel is currently up for sale to allow the proprietor to concentrate on various other service passions, and the home prepares to be taken to the following degree by proprietors that want to realise its significant intrinsic commercial possibility and also benefit from the considerable rate of interest in the Lakes and also Cumbria as a holiday location.”
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