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Receivers put landmark Lakes hotel on market for £2.5 million
Updated 1:01pm Thursday 20th March 2014 in News
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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