Partly Cloudy

Partly Cloudy

max temp: 9°C

min temp: 6°C

ESTD 1874 Search

Ipswich: Belsted Brook Hotel put up for sale with asking price of £2.5m

15:51 11 July 2014

The Belstead Brook Hotel.

The Belstead Brook Hotel.

Archant

The Belstead Brook Hotel in Ipswich is up for sale with an asking price of £2.5million.

The 88 en-suite bedroom property also includes a restaurant, conference and wedding facilities, a garden bar and a leisure club with an indoor pool.

Will Thomas of leisure property specialist Fleurets, which is handling the sale, said: “This is a unique opportunity to acquire this renowned hotel set in the outskirts of Ipswich.

“The hotel is well configured and isolates the multiple revenue streams allowing the business to run smoothly and this will no doubt appeal to a range of potential buyers, but I suspect this will also appeal to a number of property developers due to the sheer size of the plot at circa nine acres.”

It is thought that a sale of the Belstead Brook would represent at least the 10th change in management or ownership since it was first sold in 1988 by the Hatfield family, who founded the business in 1962.

The business was first acquired by Europa Hotels, which embarked upon a major expansion programme but went into receivership in 1991.Ownership transferred to Wimpole Hotels, with management taken over by Butterfly, and control then passed to Manor Hotels. Manor later became part of Swallow Hotels which, a year later, in 1999, was itself acquired by Whitbread.

In 2003, 13 Swallow hotels, including the Belstead Brook, were sold to property company REIT and leased to London & Edinburgh Inns which acquired the Swallow brand.

When in 2006 London & Edinburgh went into administration, Crerar Hotels, took over the brand and a total of 26 leases, including that of the Belstead Brook.

Search hundreds of local jobs at Jobs24

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Artist and pub sign designer George Taylor.

A piece of west Suffolk pub history is up for grabs at an auction in the town today.

Hattie Hopkins and Freddy Legg judging the best Christmas window in Framlingham.

Organisers of a Suffolk town’s “festive window competition” say this year’s success has confirmed its future as an annual Christmas event.

Avanti Group (UK) managing director Victoria Sharp

An Ipswich tax accountancy firm is celebrating after it was accepted as a provisional member of the British Franchise Association (BFA), a UK regulatory body for franchising.

A120 at Marks Tey

The A120 could join the A12 at Rivenhall or Kelvedon instead of Marks Tey as potential routes for the new dualled road are revealed.

Paul Mead of Muntons handing its 'site bikes'  to Charlotte Ward of Re-cycle for shipment to Africa.

Stowmarket-based malt firm Muntons is set to donate 10 of its ‘site bikes’ to a charity linked to Africa.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24