Victorian hotel in popular Northumberland town sold through Christie & Co
Specialist business property adviser Christie & Co has announced the sale of the Coquetvale Hotel in the charming Northumberland town of Rothbury.
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The hotel was originally built and owned by Lord William Armstrong, the famous northeast industrialist who pioneered hydraulic engineering in the 19th century and owned nearby Cragside House & Estate, which is now a popular National Trust site. The historically significant property was initially built to act as overspill accommodation for guests staying at Cragside.
Today, the Coquetvale Hotel comprises 14 ensuite guest rooms, a bar, a restaurant, function room, and owners’ apartment, as well as a decked terrace with sweeping countryside views.
The hotel is located on the south side of the River Coquet which flows through Rothbury, and backs onto the stunning Simonside Hills, which loom over the town and can be seen from Newcastle some 30 miles to the south. Rothbury is a picturesque town in mid-Northumberland, on the edge of the National Park and close to Alnwick, with its famous castle and gardens. The Northumberland coast can be reached in less than half an hour, and the nearby A697 links Tyne and Wear to the Scottish Borders and Edinburgh beyond.
The new owners intend to carry out some refurbishments and upgrades, with a view to reopening in time to welcome the remainder of the summer trade. The restaurant, bar and café will be opening under new branding, and they also intend to maximise use of the decked terrace, taking advantage of the sweeping hill views. Otherwise, business will remain largely the same, with the owners continuing to promote tourist and leisure trade as well welcoming parties, functions and weddings.
The sale of the Coquetvale Hotel was handled by Director – Hotels at Christie & Co, Mark Worley, who commented, “I know the Coquetvale Hotel very well, having sold it to the departing sellers back in 2021 and indeed, I also sold it to the previous owners back in 2016 in an “off market” deal.
“This latest sale illustrates that despite some operational and cost challenges in the hospitality sector at present, the selling market remains robust, and demand for leisure-led hotels such as this, in popular and tourist-driven locations, is still very healthy.
“We wish the new owners all the best in this venture, and we are sure that the people of Rothbury will support them.”
The hotel 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
Contact the agent:
Mark Worley, Director – Hotels
P: +44 7791 980 852
E: mark.worley@christie.com
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