Best Western Brome Grange Hotel in Brome near Eye sold to Instol Group Limited through Christie & Co
Specialist business property adviser, Christie & Co, has successfully sold a hotel in a Suffolk village.
Best Western Brome Grange Hotel in Brome, near Eye, has been sold on behalf of Cameron Ventures Group, which owns and operates hotels in East Anglia.
The property has been sold to London-based Instol Group Limited, which also owns and operates a country house hotel near Bristol.
The 44-bedroom hotel has been extensively refurbished and extended since it was acquired by Cameron Ventures Group in 2012 and has a three AA star rating.
The hotel features a lounge, restaurant, and spa facilities, together with the popular Tithe Barn, a well-known wedding and events space within the region.
Tim Gooding, Director in Christie & Co’s Hospitality team, who handled the sale, said: “This sale reinforces the ongoing demand for good quality hotel businesses in the region, which has remained robust despite a changing economic backdrop nationwide.
We wish both the vendors and buyers good wishes for the future.”
The Best Western Brome Grange Hotel was sold for an undisclosed price.