SPR Redfire Limited acquires hotel near Nether Stowey in Somerset

The Apple Tree Hotel comprises 16 guest bedrooms, along with a bar and restaurant, and a separate, detached three-bedroom house historically used as owners’ accommodation, all set within 1.5 acres of gardens.

The hotel had been owned by Simon and Gillian Brice since 2001, who decided to sell the property to retire. They commented, “After 24 years, we are looking forward to enjoying our retirement and wish the new owners all the very best in their venture.”

It has been purchased by SPR Redfire Limited, who aim to capitalise on the high demand for Hinkley Point Power Station worker accommodation in the local area.

They commented, “We are proud to bring the Apple Tree Hotel into the SPR Redfire portfolio. Demand is here, and growing, and we’re delivering real solutions. There’s an urgent need for high-quality contractor accommodation for Hinkley Point C and Gravity, but our vision goes further. We want to provide modern, reliable places to stay today, while laying the groundwork for smarter, community-focused social housing across Somerset in the future.”

Stephen Champion, Director – Hotels at Christie & Co, managed the sale and added, “The number of workers in the UK involved in the construction of Hinkley Point C has now reached 18,000, marking a major milestone in the development of one of the UK’s most significant infrastructure projects. In line with this growth, there has been a notable increase in demand for hotels located within the catchment area of the power station. Investors are actively seeking opportunities to capitalise on the rising need for accommodation, driven by the influx of workers and associated economic activity in the region.”

The hotel freehold was sold at an undisclosed price.

For further information on this press release, contact:
Jasmine Davis, Corporate Communications Manager
P: +44 7561 115179
E: jasmine.davis@christie.com

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