A four star hotel in the Cotswold village of Painswick has been sold off an asking price of £1,100,000.
The business, Cardynham House, has been run by Mr John Paterson for the last 21 years, who is now retiring. the building has been bought by Tom Leahy.
Specialist business property adviser, Christie & Co, brokered the sale. Richard Thomas, Business Agent at Christie & Co, who handled the sale, said: “As a classic example of traditional Cotswold architecture, combining charm, practicality and an ideal location with a plethora of customer groups, Cardynham House is a great example of how good businesses retain their market desirability despite the ongoing economic impact of Covid-19 on the hospitality sector. Painswick is highly regarded as one of the best places in the Cotswolds to visit and we are delighted to have assisted the seller in retirement and passing this excellent business onto a new owner.”