Overcast

Overcast

max temp: 10°C

min temp: 5°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.

shares

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.

shares

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

Charity evening on the ice at Winter Wondeland in Colchester

Suppliers, small businesses and individuals have “little chance” of getting any of the quarter of a million pounds they are owed from the collapse of Colchester’s outdoor ice rink.

Keith Norman, Fred. Olsen Cruise Lines’ business development manager (back row, centre) launches the company'’s sponsorship of Suffolk FA’s Walking Football initiative at Whitton Sports Centre in Ipswich.

Fred. Olsen Cruise Lines has become a sponsor of Suffolk FA’s Walking Football initiative.

Sam Parnell and Max Shelley of Measured Brilliance

Digital Marketing ‘meetup’ group SIMS teams up with Measured Brilliance and Ipswich Borough Council to help businesses in 2016.

developer John Howard

Town centre homes plans for important Ipswich town centre site close to the Waterfront

Matt Hampson
, founder of the Matt Hampson Foundation, which is being supported by Adnams through sales of its limited edition beer Prop Hop.
Photo: Jason Bye

Southwold brewer Adnams has reintroduced its limited edition beer Prop Hop to coincide with the start of this year’s Six Nations rugby championship.

Most read

Fred Olsen Travel Sale

cover

Click here to view
the Fred Olsen
Travel Sale

View

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24