Award winning boutique hotel sold to regional operators
Specialist business property adviser, Christie & Co is delighted to announce Mill End Hotel in Dartmoor National Park has been sold.
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Constructed in the late 18th century and originally used as a mill, this charming country house has traded as an established and successful hotel for many years.
The recently renovated property is set within its own landscaped grounds, tucked away on the banks of the River Teigh close to the thriving town of Chagford, offering the perfect hideaway for exploring the picturesque surrounding Dartmoor countryside. It comprises 21 en suite bedrooms arranged over three floors, as well as a restaurant, lounge and snug.
Under the ownership of Nick and Tara Culverhouse, who acquired the hotel through Christie & Co in 2015, the hotel has won a number of accolades, including 2 AA Rosettes for the restaurant and the South West England Prestige Awards ‘Boutique Hotel of the Year’ for Devon for two years running since 2020.
Having already sold their other hotel, The Fox & Hounds Hotel in Eggesford via Christie & Co earlier in 2021, they decided to put Mill End Hotel on the market so they could begin a new business challenge.
They comment, “We have had a fantastic few years at Mill End and really enjoyed owning this wonderful property. We are delighted to pass it on to Alex and are very confident that he will take the business onto the next level.”
The hotel has been purchased by Alex Horsfall, an experienced operator who already owns The Valley in Cornwall. He comments, “After a year of looking for new opportunities and nothing quite coming off, we were delighted to find Mill End Hotel, which not only ticked all our boxes from a business perspective but also stole our hearts with its stunning location and beautiful ambience. We’re extremely excited to build on what Nick and Tara have already built and take Mill End Hotel from strength to strength.”
Stephen Champion, Director at Christie & Co, who handled the sale adds, “Mill End is a gem of a hotel nestled away in the stunning Dartmoor countryside, so it’s hardly surprising that the hotel received offers from multiple parties when it came to the market confidentially earlier this year. It was a pleasure acting for Nick and Tara Culverhouse on the sale of both Mill End Hotel and the Fox & Hounds Hotel, which also transacted at the beginning of the year. We expect Alex Horsfall’s extensive experience in the sector to stand him in good stead to take Mill End Hotel forward and we wish him every success in the future.”
Mill End Hotel was sold off a freehold asking price of £2,100,000.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7448 8849 or E: bronte.hughes@christie.com
Contact the agent:
Stephen Champion, Director
P: +44 (0) 7736 619 536 or E: Stephen.champion@christie.com
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