Essex property firm snaps up Cumbrian hotel and teases more acquisitions to come

A property investment firm based in Essex has acquired
its first hotel in Cumbria, with the ambition of creating a new
hospitality group.

Sterling Woodrow, a Billericay-based firm, has snapped up the
three-star Cumbria Park Hotel in Carlisle from hotelier Dean
Barnes, who has owned the property for the last seven years.

He now plans to explore other opportunities within the
hospitality sector.

Robert Horwood, director at Sterling Woodrow, who headed up the
deal said that the company was ‘looking forward to adding more
hotels to the group’ as it looks to make its mark on the
hospitality industry.

Cumbria Park Hotel comprises 55 bedrooms, a newly-refurbished
bar, restaurant, event spaces and leisure facilities.

Ryan Lynn, director at Christie & Co handled the sale and
comments: “It has been a pleasure to be involved this transaction
on behalf of Dean and work with Robert to push things along as the
sale progressed. Everyone involved worked hard to get us to
completion, ending up with a swift sale which took just a few
months start to finish. I wish Dean all the best with his future
ventures and am sure that Sterling Woodrow will take the business
from strength to strength.”

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Essex property firm snaps up Cumbrian hotel and teases more
acquisitions to come
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Source: FS – All-Hotels-Blogs
Essex property firm snaps up Cumbrian hotel and teases more acquisitions to come