Colliers brokers Grasmere hotel deal

Guyzance Hall, based in Shropshire, has acquired the Wordsworth Hotel & Spa in Grasmere off a guide price of £4.95m in a deal brokered by the specialist hotels team at Colliers International.

The hotel joins Guyzance Hall's portfolio of properties including three hotels in Northumberland and others in Edinburgh and Kelso in the Scottish Borders.

Julian Troup, head of UK hotels agency at Colliers International, acted on behalf of Iain Garside, the Cumbrian hotelier and owner of the Wordsworth Hotel, who is retiring from the trade having invested heavily in the property. The Wordsworth turned over £2.4m in 2014.

Troup said: "The Wordsworth is one of the Lake District's leading country house hotels in a prime location, in the hugely popular tourist destination of Grasmere, and represents an ideal addition to Guyzance Hall's burgeoning portfolio of country house hotels. This is the fourth large Lake District hotel, including Grasmere Red Lion, Burnside Hotel Bowness and Windermere Hydro, sold by Colliers International since the summer of 2013."

Dating from the 17th century when the property was built as a shooting lodge by the Earl of Cadogan, The Wordsworth Hotel features 39 bedrooms, a new restaurant with 80 covers and two AA Rosettes, a conference suite, staff accommodation and leisure facilities including a heated indoor swimming pool and health and beauty spa. The hotel sits in 2.5 acres with extensive gardens and 60 parking spaces.

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