Holiday homes operator takes the scenic route with Yorkshire Dales acquisition
The Burgoyne hotel, in the Yorkshire Dales, has been sold to luxury holiday home operator, Maison Parfaite.
Set within Swaledale, in the village of Reeth, the Grade II listed property features 11 bedrooms, a guest lounge and the 1783 Restaurant, which holds an AA Rosette.
Previous owner Ian Hewitt, a Yorkshire born-and-bred semi-retired oil executive, had overseen the hotel’s refurbishment.
He said: “During a ‘coast-to-coast’ walk in 2017, I stayed for a night in The Burgoyne and was attracted by the charm of the building and potential it had as a business.
“I felt that with the right level of investment, both structurally and operationally, it could be one of the best boutique hotels in the county.”
Commenting on his decision to sell, he added: “After a few years of driving the business forward, largely from afar, I decided that the time had come to let someone else take the reigns and to capitalise on the investments I had made.
“Mark Worley of Christie & Co, had been advising me for a while, with regards to the state of the post-Covid market and so I engaged him and Christie & Co to help find me a buyer.”
The new owners, husband and wife team, Sarah and Sean McDermott are the founders of Yorkshire-based hospitality company, Maison Parfaite which operates luxury holiday homes across the North East.
Sarah McDermott said: “My husband, Sean and I are absolutely thrilled with our new acquisition.
“We are very grateful to Ian and for all at Christie & Co, for allowing us the opportunity to purchase this wonderful, iconic building and we’ll be sure to do her justice with a fabulous renovation coming soon.”
Mark Worley, director and hospitality agent with Christie & Co, who brokered the deal, said: “The Burgoyne is a superbly presented hotel which generates excellent profits and boasts an idyllic location in a National Park.
“We are very pleased that Sarah and Sean have bought the business, with the intention to continue to provide high quality accommodation for the Yorkshire tourist and leisure economy.
“This sale demonstrates that the current hotel market remains buoyant and the demand for hospitality businesses continues despite the challenges around operating costs.”