HF Holidays has completed the purchase of the Longmynd Hotel in the Shropshire Hills, it has been confirmed.
Reports from the Shropshire Star confirmed that the sale of the hotel by the Chapman family to HF Holidays was completed last week on a five-year lease purchase agreement. It is understood that the deal was worth several million, although the last known figure – the market price in October – was £1.75 million.
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A recent study has thrown up an unlikely benefit of small businesses, namely that they appear to promote good health.
Conducted by a team of sociologists from LSU and Baylor University, the research found that counties and parishes with a greater concentration of small, locally-owned businesses tended to show lower rates of mortality, obesity and diabetes within the population.
These illnesses were found to be higher am... Continue Reading
A pub for sale or rent looks set to have planning permission added to its potential list of uses, with suggestions being floated of converting it into a home.
The Lion's Head pub in the Winterton Conservation Area has been empty for some time and was on the market either as a rental property or for sale. However, planners have now received a submission as part of a development scheme that could see the building turned into a fou... Continue Reading
Contractor and developer Pochin is concluding plans to sell its loss-making concrete pumping business, it has been reported.
The company first revealed that it was having problems with the division in its half-year results for the six months to December. Its statement to the Stock Exchange read: “The decision to dispose of the loss making concrete pumping business was announced with the results for the year ending 31 May 2011.”
A nightclub in Shropshire has been bought by local businessman Martin Monahan, who already owns a number of bars and clubs in the town of Shrewsbury.
The Buttermarket club is set to create around 60 full and part-time jobs once it is opened up the public again in September following an investment of more than £1 million.
Council leaders and businesses in the area have welcomed the news, reported by The Shropshire Star, ... Continue Reading
A hotel and pub located in Evesham have been put up for sale after nine years in the hands of the current landlord.
The Railway Hotel, located on the high street, is being sold by Stuart Aitchison and is on the market for £35,000 for its leasehold.
Mr Aitchison told the Tewkesbury Admag that the hotel has been on and off the market several times over the past year. He is looking to sell the property due to the current e... Continue Reading
The London headquarters of one of England's most prominent football clubs are up for sale, it has been revealed.
Investigations by the Evening Standard found that Manchester United football team's London location - Stratton House in Piccadilly, located opposite the Ritz hotel – is being sold by the West End of London Property Unit Trust (Welput). Strutt & Parker and DTZ are understood to be handling the sale.
... Continue Reading
A bar and nightclub company located in the Midlands is up for sale after undergoing serious problems during the festive season.
While the Christmas and New Year period is usually profitable for the entertainment sector, Mood Bars has had to call in the administrators after suffering an “unsustainable drop in revenues” over the past few months.
TJ's Bar and Bistro, Koko's nightclub and the Shakespeare Inn p... Continue Reading
There has been a rise in the number of restaurants for sale in the wake of the recession, recent reports have suggested.
In Edinburgh, for example, critically-acclaimed Seadogs is on the market, along with the established seafood restaurant Creelers. Both have been in operation for quite a while, suggesting that rough trading is hitting business across th... Continue Reading
A Grade II-listed building has been put up for sale by the City of Lincoln Council, which can no longer afford the costs associated with the building.
The Lawn complex was originally built as a mental hospital, but of late it has been run as a venue for concerts and other large events in the area.
However, the council has overseen several other uses for the property, including a children's play area, a museum and ga... Continue Reading
Several hotels and a conference venue are expected to be put up for sale in the coming months as their owner, the De Vere Group, is looking to generate funds for its expansion.
Reports in the Times stated that the Grand Harbour hotel in Southampton, the Royal Bath in Bournemouth, the Village Daresbury Park in Warrington, the Barony Castle near Edinburgh and the University Arms in Cambridge will soon be on the market.
Sal... Continue Reading
A local village pub in the Sussex village of Westfield has seen its guide price slashed considerably since it was first launched onto the market in Autumn of 2011.
The Old Courthouse, located in Main Road, was initially given a guide of £325,000 in September. However, this was later dropped to £299,950, and again to £289,000 as the owners struggled to move the business on.
According to reports from the Hastings Observ... Continue Reading
A historic - but empty - hotel in the Cumbrian town of Cockermouth has been put up for sale as a prime business development opportunity.
The Grade II-listed Globe Hotel was inundated by the 2009 floods in the town but, since then, has been emptied, dried and mothballed in preparation for renovation works to be carried out. The agents managing the sale, Edwin Thompson, have put a price tag of £595,000 on the property.
J... Continue Reading
The former Salvation Army citadel in Barton has been put up for sale, after the Sally Anns said the running costs had become too high.
The Grade II-listed building has been put up for sale with a price tag of £199,000, and presents an intriguing canvas for an innovative developer who is willing to put in a significant amount of restorative work.
The building, which was built more than 150 years ago, has belonged to th... Continue Reading
Ramada Hotels has put the freeholds of four of its prime hotels on the market, with anticipation high that there will be a significant amount of interest.
The four hotels that have been put up for sale are the Birmingham Solihull, Farnham, Guilford/Leatherhead and Hemel Hempstead branches. According to BigHospitality.co.uk, the management of the four hotels was taken over in May last year by BDL Management, which also took on five f... Continue Reading
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