Close Hotel, the 16th century property in the market town of Tetbury, Gloucestershire - described as a ‘real jewel of the Cotswolds' - has been acquired by Cotswold Inns & Hotels in a deal brokered by specialist property adviser Christie + Co.
The hotel comes complete with 19 bedrooms, bar, restaurant and conference facilities - and even has its own chapel (now a conference and wedding facility). Moreover, it has planning permission to create an additional five bedrooms and a 100-cover restaurant.
The Close Hotel becomes Cotswold Inns & Hotels' eighth hotel. The company, founded in 1997 by Michael and Pamela Horton, prides itself on providing ‘an invigorating mix of contemporary chic and classic Cotswold charm'. Cotswold Inns & Hotels won the prestigious AA Small Hotel Group of the Year 2012-13 award.
Company chairman, Michael Horton, says: "We have admired Tetbury and The Close for many years and are thrilled to welcome The Close into our fold - Cotswold Inns & Hotels. We are passionate about all of our properties and are really looking forward to working with the team at The Close."
The hotel was sold by Bristol businessman Geoff Dunford, whose family owned the famous Dunford Dairy business in Bristol for many generations. Geoff Dunford was also the chairman of Bristol Rovers FC - where he still serves on the Board of Directors - and remains today, along with son Peter, the owner and operator of the Beeches Hotel and Conference Centre in the city.
Geoff Dunford says: "We have enjoyed our ownership of The Close Hotel over the last five years and we have made many friends in the Tetbury area. We would like to thank our staff and customers for their support and dedication. However, the focus of our group has changed and we are concentrating more on conferencing and training in Bath and Bristol, so The Close unfortunately does not fit in with our current business profile. We are sure the hotel will prosper under new ownership and will continue to be a credit to hospitality in Tetbury."
Jonathan Hill, Director of Christie + Co, adds: "The Close Hotel is a stunning facility, whose location and presentation make it an ideal addition to the outstanding Cotswold Inns & Hotels portfolio. With the Highgrove Estate nearby, I'm sure HRH The Prince of Wales will approve of his new neighbours."
Source: Christie + Co