Haweswater Hotel Sold By Colliers International
Property News - Lake District hotel restored to former glory by previous owner Olivier Cavaliere
The Haweswater Hotel in the Lake District has been sold by the specialist hotels team of real estate advisors Colliers International.
Since acquiring the hotel on the banks of Haweswater in 2007, owner Olivier Cavaliere has refurbished the art deco building to considerably improve the quality of its offering.
Mr Cavaliere added six additional letting bedrooms to create 21 en suite rooms, many with views of Haweswater, a restaurant, lounge and bar.
His improvements have helped to increase the hotel’s annual turnover to £362,944 with the potential to rise further.
In 2012 the Haweswater won the Best Kept Secret Award for Best UK Location as voted for by subscribers to LateRooms.com and readers of The Sun newspaper.
The Haweswater was built in 1937 to replace The Old Dunn Bull in Mardale Village, which was flooded to create a reservoir to supply the growing needs of an expanding Manchester.
Acting on behalf of Mr Cavaliere, Neil Thomson, associate director, hotels agency at the North West office of Colliers International in Manchester, sold the business to private buyer Stephen O’Sullivan.
Mr Thomson commented: “We are starting to see the market for these unique, characterful hotels heat up with interest from lifestyle buyers and investors in the UK, USA, mainland Europe and Asia, drawn to this area of natural beauty and the strong investment potential of the properties.”
Mr O’Sullivan, a businessman from East Sussex, plans further investment to create what he described as the perfect wilderness retreat.
“There is nowhere quite like it in the country,” he said. “The Haweswater has 100 square miles of nature reserve all to itself. I have stayed there a few times and found the location so tranquil and beautiful; it’s like an antidote to the modern world. When you combine that with the wonderful architecture and history of the building, it’s unique.
“The Haweswater will become a destination for people who appreciate the Lake District as nature intended, but still want luxury and fine dining, after a day’s hiking or mountain-biking.”