Guest house bought by first-time buyers from USA
Experienced business professionals Anthony Lewis and Jonathan Burgoyne have purchased Bloomsbury Guest House in York, with funding secured by commercial finance broker, Christie Finance.
Bloomsbury Guest House had been owned by the previous owners since 2009 and has been operated as a lifestyle business. They have decided to sell in order to retire.
The property comprises eight en suite letting rooms, providing 16 bed spaces.
The retiring vendors closed the business for 35% of the year and only accepted two-night stays.
Lewis and Burgoyne will now open the guest house 365 days a year and plan on adding a further two letting rooms under a new trading name of ‘The Bishop & The Bison Boutique Hotel’.
Originally from Yorkshire, the couple live in the USA and had been searching for a business in Yorkshire for some time, identifying The Bloomsbury as the perfect fit for them.
Lewis has held senior positions with several well-known multinationals including Apple, Xerox and KPMG in both finance and tax roles.
Burgoyne began his career working for Hilton Hotels, becoming a director of sales for two of the largest Hilton Hotels in the UK.
In 2014, he became director of sales for Two Roads Hospitality in California and joined Lewis in Texas in 2018. Burgoyne will be the face of the hotel, working as hotel manager.
The property will be closed for one month in order for development work to take place and overall improvements to be made. It will be open again for trade from 1 November 2020.
Craig Dickson, director at Christie Finance who worked with Lewis and Burgoyne to help secure the right funding, said: “It has been an absolute pleasure working with my clients in securing the finance they need to make their dream of owning a hotel in Yorkshire a reality.
“They both have extensive experience working in business, with impressive careers working for well-known brands.
“Their commitment to the purchase is undoubted as they are relocating from the USA to fulfil their role as the new owners.
“I wish them the very best in this new venture and I know they have the enthusiasm to drive the business forward.”
