A Lake District hotel’s lease has been acquired by a UK management firm.
Providence Hotels has acquired the lease of the Mary Mount Hotel, on the shores of Derwentwater in Borrowdale.
The firm said it marked a significant milestone in its expansion strategy.
The hotel has been run by the Mawdsley family since 1993.
Sybrand Engelbrecht, business development director at Providence Hotels, said: “This partnership, with the owners of Mary Mount Hotel, reflects our commitment to sustainable growth and long-term value creation.
“By securing this lease, we not only expand our operational footprint but also strengthen our ability to deliver increased revenue streams for our stakeholders.
“We are thrilled to add Mary Mount Hotel to our portfolio. This property perfectly aligns with our strategic vision of expanding into key locations across the UK, particularly in areas that offer a unique and memorable guest experience. We look forward to enhancing the hotel’s offerings while preserving its charm and character.”
Dagmar Jungbauer, director of operations, added: “The addition of Mary Mount Hotel is a testament to our continued focus on quality and excellence in hotel management.
“We are excited to work closely with the hotel’s existing team to elevate the guest experience and build on the strong foundation that has already been established.”
