Hospitality and property development firm snaps up rural hotel and pub
Aysgarth Falls Hotel, a pub-restaurant with letting rooms in North Yorkshire, has been sold to Barnsley-based The Brook Group.
Specialist business property advisor, Christie & Co completed on the sale of the 11-bedroom coaching inn and restaurant, which is on the main road through Aysgarth in Wensleydale, in the the Yorkshire Dales National Park.
The previous owners, Steve and Heather Swann decided to sell to seek semi-retirement, having built the business into a popular destination over their past ten years of ownership.
Steve Swann said: “The Yorkshire Dales is such a lovely place to live and work in and we have loved every minute of our time here.
“Now we have sold we are able to semi retire, albeit we are remaining in the hospitality industry as we have holiday lets close by which we will now be able to focus on.”
Hospitality and property development company, The Brook Group, operates a portfolio of upmarket bars, restaurants and leisure venues across the region.
Jason Brook, CEO, said: “We are very proud to have acquired this prestigious venue in such a fantastic location, in the heart of Wensleydale.
“We have some exciting plans for the hotel over the coming months and look forward to bringing these to life.”
The Brook Group has recruited a new head chef, Tristan Prudden who has gained accolades regionally and returns to the Aysgarth falls Hotel in addition to a new general manager in Daniel Williams.
Mark Worley, director in Christie & Co’s Hospitality team handled the sale.
He said: “We’re delighted to have facilitated the sale of Aysgarth Falls Hotel to Brook Group. This deal is indicative of the demand that we have seen for this type of business throughout the Covid pandemic.
“Buyers are hungrily looking for rural leisure-based opportunities in National Parks or tourist led coastal locations, so we were inundated with enquiries when the property came to the market.
“The fact that Aysgarth Falls Hotel could boast a year-on-year increase in turnover coupled with a healthy and sustained profit only added to its appeal.”