Boutique hotel has new owner after sale
A 14-bed boutique hotel with restaurant and two-bedroom cottage has been bought by a new owner.
Specialist business property adviser, Christie & Co, has brokered the sale of the Coach House Hotel, which sits within the Otterburn Hall Estate.
The venue was previously owned by Julie Blackie and it has been purchased by Paul Cook, who currently operates a similar business in Stirling, near Edinburgh.
He wanted to move back towards his native Tyneside so this provided the ideal opportunity.
Mark Worley, director at Christie & Co who handled the sale, said: “We received the instruction in January this year and our marketing efforts immediately generated interest.
“The speed of the sale and the levels of interest shown in the hotel illustrate the healthy demand for small to medium-sized hotels, pubs and leisure businesses in Northumberland.
“This disposal follows on from the recent sales of the Manor House Hotel on Holy Island, The Coquetvale in Rothbury and The Hadrian Hotel near Hexham.”
The Coach House Hotel was sold off an asking price of £550,000.