Carter Jonas with joint agents Savills have completed the sale of Lansdown Grove Hotel in Bath to Axcel Hospitality Limited.
The Grade II listed hotel has 61 high quality and modern suites which have recently been refurbished and benefits from a reception lounge, lounge and lounge bar, restaurant with terrace and function suite. Externally there are private lawned gardens with mature trees plus private off street parking for around 40 cars. It is located in the Lansdown area of Bath, conveniently located for the city centre and the range of attractions that Bath has to offer.
Philip Marshall, Partner, Commercial, Carter Jonas South West said: "This acquisition represents an exciting addition to Axcel's portfolio and is evidence of its team's commitment to enhancing their presence in Bath and other key markets in the UK. Lansdown Grove Hotel is a landmark building, located in one of the city's most prestigious areas. It provides Axcel with a great opportunity to build on the hotel's heritage, to create a vibrant destination for Bath and the wider region."
James Greenslade, associate director in the hotels team at Savills in Exeter, says: "Lansdown Grove Hotel is beautiful hotel located in a popular tourist destination and as expected we received significant interest and a number of offers. There remains strong demand for hotels in key UK coastal and holiday destinations."