Lakes hotel on the market
LAKE District venue the Borrowdale Gates Hotel has been put on the market for £3.75m.
The property near Keswick generates annual revenues of £1m from 33 en suite bedrooms. There are also 13 staff bedrooms.
Owners Colin and Joy Harrison acquired the property in 2008 and have since invested £1.5m in a complete refurbishment.
They are now retiring and have instructed Colliers International to market the property.
Julian Troup, head of UK Hotels Agency at Colliers International, said: “This is one of the most impressive Lake District hotels in one of the most attractive locations that we have brought to market.
“It has views towards Castle Crag – the smallest hill in Alfred Wainwright’s influential ‘Pictorial Guide to the Lakelands Fells’ – and the only Wainwright below 1,000 ft. Turnover of the business continues to increase and there is much scope for further substantial increases with additional internet and agency marketing.”
