Lake District hotel bought by Chinese investor for nearly £1 million

The Westmorland Gazette: HOTEL DEAL: There's a green light for investors in Lakes hotels, says agent HOTEL DEAL: There's a green light for investors in Lakes hotels, says agent

A LANDMARK Lake District hotel has been sold to a Chinese investor for almost £1m.

Tong Zheng from Beijing bought the Keswick Park hotel in the heart of Keswick from owners Don and Tracey Rogers who are retiring from the hotel trade to live locally.

Agents Colliers International, Manchester, said the deal ‘shows increasing interest in quality hotel assets outside London’ for overseas investors.

The hotel, which dates back to 1880, achieved a figure close to its £995,000 asking price. It offers 16 en-suite letting bedrooms, a conservatory-style restaurant with 24 covers and two-bed owners’ flat.

It has been closed for refurbishment and Mr Zheng plans to reopen the business for the Easter holiday period.

Haydn Spedding, associate director for Colliers Hotels, said: “Mr Zheng is indicative of an increasing number of quality overseas buyers looking to acquire hotels such as Keswick Park as investor interest moves outwards from London to other popular destinations such as the Lake District and major cities, including Manchester.”

Comments (1)

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12:38am Fri 21 Feb 14

zenn000 says...

I have to travel a lot for my business,mostly in Europe,but often in the States.I used to use sites like Travelosity,but I quickly found the better way to find deals is to go to the second level-those sites like http://hotelbookingr
eservation.weebly.co
m who compare the hundreds of different booking sites in one single search.So you not only see trivago or expedia deals but ALL of them in one place.I must've save over 3,000 euros since I started using them.I agree,just using one of the top booking sites is not the best idea.
I have to travel a lot for my business,mostly in Europe,but often in the States.I used to use sites like Travelosity,but I quickly found the better way to find deals is to go to the second level-those sites like http://hotelbookingr eservation.weebly.co m who compare the hundreds of different booking sites in one single search.So you not only see trivago or expedia deals but ALL of them in one place.I must've save over 3,000 euros since I started using them.I agree,just using one of the top booking sites is not the best idea. zenn000

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