Receivers put landmark Lakes hotel on market for £2.5 million

IMPOSING: Burnside Hotel, Bowness-on-Windermere

IMPOSING: Burnside Hotel, Bowness-on-Windermere

First published in News
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A LANDMARK Lake District hotel and adjoining country club are up for sale at £2.5m after going into receivership.

The 57-bedroom Best Western Burnside Hotel and Parklands Country Club in Bowness-on-Windermere are being sold by the joint administrators of Riverside Hotels Ltd, the property’s operating company.

The hotel covers around 2.4 acres with landscaped gardens and car parking. It includes meeting rooms, conference facilities, bars and restaurants while Parklands offers a range of facilities, including an indoor heated pool, spa bath, steam room, sports hall, squash court and ‘trimnasium’.

In the year to 28th February 2014 the hotel and country club achieved a net turnover in excess of £1.7m.

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The Burnside is being marketed on behalf of LPA Receivers by the specialist hotels agency Colliers International in association with GVA. Staff accommodation is being offered for sale separately.

Julian Troup, head of UK hotels agency at Colliers International, said: “This is a rare opportunity to acquire a 57-bedroom hotel with adjoining leisure club and strong trading base in an elevated position with views of Windermere. I’m convinced that we’ll attract considerable interest in this outstanding offering.”

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Comments (5)

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5:38pm Wed 19 Mar 14

shirtbox says...

Who wants a white elephant.?
Who wants a white elephant.? shirtbox
  • Score: -5

6:03pm Wed 19 Mar 14

whitevanman2 says...

2.5 million for 2.4 acres should be able to get at least 50 holiday apartments ............... who wants to double your money !
2.5 million for 2.4 acres should be able to get at least 50 holiday apartments ............... who wants to double your money ! whitevanman2
  • Score: 10

8:07pm Thu 20 Mar 14

life cycle too says...

► In the year to 28th February 2014 the hotel and country club achieved a net turnover in excess of £1.7m ◄

The turnover is just a headline figure, it would fail to impress if the % of profit were not high enough.
Along with others, my wife got fed up with renewing her club membership monthly, so there is every possibility that the new owners could trade profitably, but to do so would have to make enough to service the interest on 2.5 million.
► In the year to 28th February 2014 the hotel and country club achieved a net turnover in excess of £1.7m ◄ The turnover is just a headline figure, it would fail to impress if the % of profit were not high enough. Along with others, my wife got fed up with renewing her club membership monthly, so there is every possibility that the new owners could trade profitably, but to do so would have to make enough to service the interest on 2.5 million. life cycle too
  • Score: 4

10:32pm Thu 20 Mar 14

hevonly says...

See other comment re '£5m plans for Premier Inn in Ambleside'. Whats the betting they'll buy this one too, or Travelodge? It's depressing :-(
See other comment re '£5m plans for Premier Inn in Ambleside'. Whats the betting they'll buy this one too, or Travelodge? It's depressing :-( hevonly
  • Score: -1

7:44pm Sat 22 Mar 14

Cumbria FELLWALKER says...

A lot of these small hotels B&B's offer a crap over priced service.
A lot of these small hotels B&B's offer a crap over priced service. Cumbria FELLWALKER
  • Score: 6

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