Loading ....

After more than 45 years in the hospitality industry the owners of the Bull Hotel in Burford, have sold the property off of a guide price of £1.25m.

Jean-Marie Lauzier and his wife Clare Lauzier chose to sell the 18-letting room hotel, pub and restaurant having turned it round from a non-trading property in need of “considerable work”, into a “successful business”, after deciding it was time to retire.

The grade II-listed building, situated in the high street of the popular Cotswolds town, was bought freehold by a private investor.

Jean Marie and Clare bought the property in 2009 from Greene King, and after an “extensive refurbishment” reopened it as a hotel, with a public food and beverage offer in June 2010. Since then the couple added more letting rooms across the ground and upper two floors of the building.

Peter Brunt, director of hotels agency at Colliers, who handled the sale, said: “The towns around the Cotswolds, such as Burford, are always hugely popular with those looking to invest in the hospitality business. Sites like the Bull Hotel always get lots of interest and enquiries.

“I know this has been a difficult decision for Jean-Marie and Clare to make and a worrying time to undertake a sale, but it’s been a real pleasure to be able to see them into a well-deserved retirement.”

Jean-Marie added: “Unfortunately ill health has forced me to retire from the hospitality business, but over the last 45 years, I have bought and sold many properties and quite a few through Colliers. It has never been so difficult as now, but Peter has been so professional, patient and understanding as he’s guided us through this sale.”

 

Loading......
 
New Year's Resolution: Travel More! Take up to $36 off our fees on flights by using promo code NY36.
EN - 728x90
Similar Posts