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Experienced hoteliers to offload Grassington Lodge hotel | Article

Experienced hoteliers Tim and Diane Lowe have placed the Grassington Lodge on the market of a guide price of £925,000.

The three-storey stone-built property comprises 10 contemporary letting rooms, including one suite arranged over two floors, as well as a lounge, dining room for 18 guests and an additional guest lounge/sitting room, there are two additional rooms in an annex which is held on a leasehold basis.

The Lowes, who have owned Grassington Lodge since 2004, made the decision to bring the property back to market after a busy and profitable year due to the national lockdown and an increase in staycations.

They said: “In the short period of time we opened last summer, the business has never been as profitable. However, it has been our ambition to sell the business for a while now and we feel that doing so on the brink of an undoubted post-covid boom in terms of staycations is the right time for us to do so.

“The business is manageable for an owner-operator couple who want to work full time in the business. However, we’ve run it under management and taken a more passive role at times depending on our circumstances. It’s a very versatile business and how it’s operated would be up to the new owners.”

David Cash, associate director at Christie and Co who is handling the sale, said that during 2020 the company saw a big increase in demand for accommodation led businesses in tourist settings, either in the countryside or at the coast.

He added: “Not only do village settings like Grassington afford business owners a great opportunity to run profitable concerns, there is a great lifestyle to be had as well. We expect interest from prospective buyers looking for a change in lifestyle, but also seasoned hospitality industry professionals.”

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