Silloth’s Golf Hotel has been sold to a Midlands hotelier as its owners put Maryport’s Golden Lion on market for £775,000.
The 23-room hotel was run by the Cueto family, who are retiring, and has been sold for an undisclosed sum to Thurai Sivalingam.
The Cueto family have also put the 16-bedroom Golden Lion Hotel in Maryport up for sale for £775,000.
The Golf Hotel has a 75-cover restaurant, bar, lounge and a function room with capacity for 110 people.
There are also several retail spaces, including a laundrette, which currently generates a letting income. The business had an annual net turnover to year end March 2024 of £575,907.
Thurai said: “I’m delighted to have bought the Golf Hotel and look forward to continuing to run the existing mix of business, and our long-term plans are to undertake a programme of refurbishment to further enhance the already impressive trading accommodation.”
Julian Troup, head of hotels agency at Colliers, said: “The sale of the Golf Hotel again demonstrates the ongoing high levels of demand for well-established hotel and hospitality businesses.
“The Lake District and wider Cumbria area continue to be in high demand and the Golf Hotel is our 65th Cumbrian hotel sale since the beginning of 2021 and follows in the footsteps of our confidential sale of Borrowdale Gates Hotel in recent weeks.
“Cumbrian hotel owners should take note of the fact continued demand for all sizes of hotels in the region.”
Sue Scott of Brockbanks Solicitors acted for the seller.
