A HOTEL in Painswick has been sold after its owner decided to retire.
Cardynham House, in Tibbiwell Lane, is a late 15th century former wool merchant’s house, which has been adapted over time to create a nine-bedroom guesthouse, complete with four-poster and half tester beds.
Graded four-star ‘Guest Accommodation’ by Quality in Tourism, the business also comprises a ground floor bistro (circa 42 covers) and a “Pool Room” which contains a luxurious private indoor heated swimming pool with east facing windows overlooking its own private walled courtyard and garden.
For the last 21 years, the business has been run by John Paterson, who lives in nearby Cheltenham. Mr Paterson decided to sell in order to retire.
Cardynham House has been purchased by Tom Leahy.
Specialist business property adviser Christie & Co brokered the sale.
Richard Thomas, of Christie & Co, said: “As a classic example of traditional Cotswold architecture, combining charm, practicality and an ideal location with a plethora of customer groups, Cardynham House is a great example of how good businesses retain their market desirability despite the ongoing economic impact of Covid-19 on the hospitality sector.”
Cardynham House was sold off an asking price of £1,100,000.