Lincolnshire bed and breakfast business, The Beaumont Hotel, Louth, has been placed on the market through specialist hotel agents Colliers International with an asking price of £550,000.

Located in one of the UK’s favourite market towns, The Beaumont Hotel has 16 guest bedrooms complemented by ‘all round’ hotel facilities, including a lounge bar and large car park. The business also benefits from staff accommodation, in addition to a fully fitted restaurant for 50 diners and a function room with capacity for up to 70 diners. These dining facilities aren’t currently being utilised and offer additional revenue potential for the hotel’s future owners.

The hotel’s current private owners acquired the property in 2008 and have run the hotel under management; it is unbranded and maintains the feel of a privately owned hotel.

Peter Bean, Director of Hotels, Colliers International said: “The Beaumont Hotel has plenty of good class letting bedrooms providing a highly profitable B & B trade and scope to do restaurant and function trade. Added to this, the hotel also provides its owners with a home in this delightful market town. All in all, The Beaumont Hotel presents a very attractive package for buyers.”