Colliers acts for the vendors of The Regent Hotel and Ambleside Lake House
The Inn Collection Group has acquired a further two hotels through commercial real estate firm Colliers.
The Northumberland-based operator purchased The Regent Hotel, a 36-bedroom hotel on the shores of Lake Windermere, as well as the 19-bedroom Ambleside Lake House on Waterhead Bay in an undisclosed deal.
The two acquisitions bring the total number of businesses introduced to the group by Colliers to seven since the beginning of 2021.
Sean Donkin, managing director for The Inn Collection Group said: “It is a landmark achievement for the group to have passed the 30-site marker and I’m delighted that it has been with venues of the calibre as The Regent Hotel and Ambleside Lake House.
“It is a sign of The Inn Collection Group’s ongoing commitment and investment in the Lake District as we drive forward strategic expansion plans with our Eat, Drink, Sleep and Explore concept while making significant contributions into the communities around our sites with employment, inter trading and wider economic benefits.”
Both The Regent Hotel and Ambleside Lake House will continue trading ahead of undergoing refurbishments later in the year.
Julian Troup, head of UK Hotels Agency at Colliers brokered the confidential sale acting on behalf of the owners. He said: “The Regent Hotel and Ambleside Lake House are very strong businesses that have been built up by the Hewitt family over the last four decades. They are both located in prime positions and with a good reputation which sees them receive frequently repeat visits from customers wanting to return to stunning properties and the Lake District.
“Already the hotel market is looking to follow similar suit to 2021 with brands like The Inn Collection Group expanding their portfolio by purchasing quality assets likes these and capitalising on the staycation boom which will continue this year and into 2023. Last year Colliers sold 76 hotels, five to The Inn Collection Group alone.”
Ward Hadaway corporate partner Imogen Holland provided legal advice on the acquisitions, with Neil Hart at Bradley Hall advising on pre-diligence. Additionally, Keith Melling, Wendy Keely and Nicola Ciraolo of Napthens Solicitors and Rob Richardson and Jenny Pape of Azets advised the Regent Hotel shareholders.