Historic hotel on Holy Island sold
The Manor House Hotel on Holy Island has been sold by specialist business property advisor Christie & Co.
The impressive and popular 10-bedroom hotel was once the summer home of the lord of several local manors and has been owned and operated for many years by John and Carol Barlow, who were looking to retire and instructed Christie & Co to handle the sale.
The buyer is Terry Maughan, a regional hotel and leisure operator with three other businesses in Northumberland.
He intends to change very little other than to extend opening hours and the food offer, as he feels the hotel requires little in the way of investment.
Mark Worley, director at Christie & Co’s Newcastle office, said: “This sale continues to demonstrate the demand for small to medium, privately-owned hotel assets.”
The hotel was sold off an asking price of £795,000.