The grade II listed building is situated a short walk from the main high street. The extensive property has traded as a successful hospitality business for many years and benefits from 16 letting rooms, a private owner's apartment, reception area, breakfast room and outdoor swimming pool.
The new owner is adding the Bendene to their existing portfolio of hotels which includes sites in London, Brighton and Bournemouth.
Stephen Champion, Business Agent at Christie & Co’s Exeter office who handled the sale comments, “This hotel has always enjoyed strong leisure and commercial trade due to its excellent location within the city centre.
“We are seeing high levels of demand for hotels within the Exeter area, as demonstrated by Bendene Hotel selling to the first viewer.
“Christie & Co has successfully sold a high number of hotels in the first half of 2016 and we expect to see strong demand for quality hotels in the South West region continue throughout the rest of the year.”
The business sold off a guide price of £850,000.