North Somerset hotel sold to brothers for more than £1.6million
- Credit: Archant
A 36-bedroom hotel close to Bristol Airport, which had been in the same family for 40 years, has been sold to two brothers for more than £1.6million.
Town & Country Lodge, a hotel and restaurant with function rooms, is on the edge of Barrow Gurney.
The North Somerset hotel is set in 2.5 acres of land between Bristol city centre and Bristol Airport, in Bridgwater Road.
It is made up of 36 bedrooms, a restaurant, and function rooms, and it even used to be home to a nightclub.
The hotel was previously owned by the Ashdown family, who ran it for more than 40 years. But they decided to sell the business in order to retire and it has been bought by two brothers from North Somerset.
The duo will continue to run it as a hotel and family pub with a restaurant but hope to develop it further.
There is a possibility the venue’s food offering could be expanded. It could also be used more frequently as a wedding venue, while the brothers hope to make it the go-to destination for people using Bristol Airport.
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The hotel was sold through specialist business property adviser Christie & Co, and achieved more than its £1.6million asking price.
Christie & Co’s Bristol director Jonathan Hill said the company received several offers for the property, many of which went above and beyond its asking price.
He added: “Its popularity can be attributed to the opening of the new South Bristol Link Road providing swift access to the fast-expanding Bristol Airport and various business parks, and the numerous opportunities to develop the business from increased passing trade such as food and beverage, accommodation, meetings, conferences, function and wedding trade.
“More than 7.5 million passengers used Bristol Airport last year, surpassing the total for 2015 by over three quarters of a million passengers.
“The record annual number represents an 11.3 per cent increase year on year, and a seventh consecutive year of growth for England’s third-largest regional airport.
“This presents a huge amount of opportunity for Bristol’s hospitality sector.”