Location: Southern Boundary Dartmoor National Park, Devon, UK
Name: Dartmoor Lodge
No. of Keys: 23 plus Owner’s Five-Bed Apartment
The Property: The Dartmoor Lodge at Peartree Cross near Ashburton has been placed
on the market for a reduced price of £1.6m.
Situated just off the main A38 main route to the South West, the hotel is situated within the southern boundary of the Dartmoor National Park. Sitting in 1.65 acres of ground the property
features 23 en-suite letting rooms, meeting rooms, an oak-beamed restaurant with 70 covers as well as one-double bedroom staff accommodation and a private five-bedroom flat for the owners.
The refurbished and reinvigorated business generated net sales of circa £1.2m last year. The agent handling the sale, said: “There is plenty of potential to develop the business by reducing the private accommodation and creating additional bedrooms.
Main Photo: Dartmoor Lodge
Brand/Management: Brand and Management-free
Current Owner: Private family who acquired the lodge in 2008 and carried out a thorough refurbishment which has reinvigorated the business. Having decided to pursue other interests they have decided to sell to allow new owners take this thriving business forward.
Guide Price: £1.6m
Guide Price per Key: £69,565
Date Posted: September 2019
THPT Comment: Good opportunity for owner-run investor to acquire this interesting hotel in a very attractive tourist part of England.
First Seen: Hotels of the World.info
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.