New owners of England’s most northerly hotel aim to turn it into one of North East's leading wedding venues
England’s most northerly hotel has been sold with its new owners planning a major revamp.
Marshall Meadows Country House Hotel, near Berwick, is just a few hundred metres from the Scottish border.
The elegant 18th Century Georgian property, which is surrounded by 12 acres of picturesque gardens and woodland, has been purchased by RMM Holdings Limited.
Nigel Marcantonio, one of the company shareholders, said: “We are delighted to have completed the purchase of Marshall Meadows.
"Upon viewing the property, we immediately saw the potential of the site with its wonderful location, idyllic grounds and the beautiful buildings.
"The hotel will be undergoing an extensive refurbishment and redecoration programme throughout the first half of 2021 and we aim to re-open in the summer.
"The revamped hotel will feature 22 boutique bedrooms, including a stunning master suite with amazing sea views.
"We are looking forward to this new venture and turning Marshall Meadows into a leading hotel and wedding venue in the North East.”
The property was sold off a guide price of £925,000 in just three months by specialist business property adviser, Christie & Co.
The sellers are brothers, Robert and David Hester who had owned and operated the hotel since 2011 and made the decision to sell to retire from the sector.
Robert said: “I have owned, lived in and operated Marshall Meadows for 10 years and I have many happy memories of the place, but the time had come to sell.
"The business had been on the market for almost two years with another national estate agent without any interest before my brother David and I turned to Christie & Co, as we have heard of their regional successes in the hotel market.
"Sure enough, with 24 hours of giving them instructions to proceed, we had viewings and after two weeks we found ourselves in the fortunate position of having several offers to choose from.
“We managed to agree an excellent deal ahead of Christmas, which was way beyond our hopes and expectations, particularly in the current climate.
"I am now able to enjoy a well-earned retirement thanks to Christie & Co and we wish the new owners all the best in taking the hotel to the next level.”
Mark Worley, a director at Christie & Co, added: “Approaching the hotel for the first time, via the sweeping driveway, I was puzzled as to why this impressive country house hotel had received no interest, particularly given the current demand for this type of business.
"Due to the foreign travel restrictions presently in place, rural hotels such as this have been selling well, so it came as no surprise when my initial marketing initiatives and phone calls were met with keen interest from prospective buyers.
"Indeed, we could have sold the hotel many times over and there were several very disappointed parties, but we chose to run with Nigel, Phillip and David at RMM Holdings Limited, who moved ahead swiftly, and the deal completed in time for the Christmas closedown.”