Cotswolds specialist Peter brokered the lion’s share of hospitality sector transactions in the area last year – and finally added the Old Stocks to his list of successes despite two sales falling through at the eleventh hour earlier in the year.
Peter said the charming 18-bedroom Old Stocks Hotel had finally sold to hospitality sector veteran Jim Cockell, who will be running the hotel as a family business.
In the business for 16 years, Jim said the Old Stocks was his first venture as an owner.
“I have worked in the Cotswolds before and know the area. Stow-on-the-Wold is a great town in a fantastic location close to the principal Cotswolds attractions.
“There is always plenty going on and there is a lot of tourism in and around the area, but there is also an expectation of quality which we aim to deliver.”
Jim said they were planning a blend of modifications to develop the business still further.
“The market is changing and we are seeing increased demand for upgraded or refurbished facilities.
“There is massive interest in the Cotswolds from near and far with visitors from London, Yorkshire and South Wales alongside visitors from America and Japan.”
Peter Brunt said: “Stow-on-the-Wold is one of the prime Cotswolds destinations and with revenue showing steady growth and excellent profits the Old Stocks had generated a great deal of interest. After a couple of disappointments it was great to finally push the sale over the line at the turn of the year.”
The sale follows a string of successes last year which saw a number of landmark properties change hands including the Highway Inn and Burford Lodge in Burford and the Shaven Crown at Shipton under Wychwood with the Bell Inn, The Royalist Hotel and neighbouring Grapevine in Stow all selling in 2012.
Peter said the Cotswolds location offered new owners a double advantage.
“Owner occupiers are taking over thriving businesses and getting a lovely home into the bargain. The Grade II Listed Old Stocks is no exception.”
“Owners’ accommodation consists of a fine four-bedroom house behind the hotel. The town is surrounded by antique and gift shops and many other Cotswolds locations are within easy reach.
“There is no doubt that it offers the potential for further growth. After a busy 2013 and with a strong list of buyers I am on the lookout for new businesses to offer to the market”