A North East pub chain has bought a Lake District hotel for an undisclosed sum.
The Inn Collection Group has announced it has bought the 19th century Glenridding Hotel in Ullswater to add to its eight other venues in the Lakes and will undergo a revamp later this year.
It was on the market for offers over £4.2 million.
The 38-room hotel, on the shores of Ullswater, was a ‘bucket list’ addition for the North East chain, which also bought the Pheasant Inn in Bassenthwaite and runs Ambleside’s Temperance Inn, Wateredge Inn, Waterside Inn and Ambleside Inn, the Coniston Inn in Coniston, the Swan in Grasmere and the Angel Inn in Bowness-on-Windermere.
It said it was part of its ‘buy and build’ growth plans and Sean Donkin, managing director for The Inn Collection Group, said: “The Glenridding Hotel is a real bucket list addition to the group. We are delighted to be expanding into further key Lake District areas in the UK’s most visited national park.
“Exceptional locations are very much a group USP and The Glenridding Hotel has this in spades. We look forward to building on the strong reputation this classic site enjoys and enhancing this with a careful refurbishment in line with our ‘Eat, Drink, Sleep and Explore’ concept and brand.
”The existing site – which includes a coffee shop, bar, restaurant and conference facilities – will continue trading until a sensitive refurbishment and remodelling takes place later this year.”
The Glenridding Hotel and the village of Glenridding hit the national headlines in when it was devastated by Storm Desmond in 2015.
The then owners, the Ali family bought the hotel in 2007 and it first flooded in 2009.But in 2015, two floors of the hotel were gutted by Storm Desmond and the village was cut off for two days as the storm had washed away roads.
