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10 May 2017 | Hotels

Boutique hotel in Maidstone sold off a guide price of £1.19m

The Townhouse Hotel, a boutique hotel and restaurant in Maidstone town centre has been sold through specialist business property adviser, Christie & Co.

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Originally built in 1802 as a rectory, the Grade II listed 17-bed property has been sold to an experienced operator off an asking price of £1.19m.

The previous owner, who extensively extended and refurbished the hotel, was looking to sell due to other business interests outside of the hospitality industry.

Andrew Moore, Director in Christie & Co’s Maidstone office who handled the sale comments, “This sale continues to demonstrate the high demand from buyers for good quality hotels throughout the South East of England, with both first-time and experienced purchasers showing interest in sites. We anticipate this demand to continue, making it a great time for hotel owners in the region who are considering a sale.”