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Buyers left out in cold as Cotswolds hotels and pubs snapped up for summer

Potential buyers holding out for bargain properties across the Cotswolds are in danger of missing the boat as the supply of new hotels and pubs coming on to the market dries up as available properties sell.
The warning comes from Colliers International hotels director Peter Brunt - who says for the first time he has little left on his books to offer people looking to move into one of the most vibrant regions in the UK hospitality sector.
He said: "I have offers on the table for just about every hotel and pub we have on our books in the area. For the first time in years I have almost nothing to sell!"
"People who thought they could take their time and wait for bargains are missing out as properties are being snapped up under their noses."
A flurry of activity across the region has resulted in several sales and additional offers on a number of premises.
Among a number of pubs changing hands is the Plough Inn at Finstock, which has been snapped up by hospitality sector veteran Guy Wallis while hotels and pubs on Colliers' books in Stow, Burford, the Stroud valleys, Oxford and other Cotswold locations are under offer to capable buyers.

Two businesses are under offer to families funding their purchase largely with cash from the sale of property in London. The Hotel, one of Cheltenham's best known hostelries has also been sold at the asking price after going into administration earlier this year.

Peter Brunt said: "The Cotswolds proved very resilient through the downturn and we continued to sell properties despite the prevailing doom and gloom. Now we have emerged from the downturn the number of premises remaining on our books has shrunk to almost nothing.
"With relatively few hotels coming to the market we always see a great deal of activity around the ones that do and anybody expecting to hang on hoping for a bargain is likely to go away empty handed. Buyers need to remember that the Cotswold trade is strong and that it is great place to do business as well as being a fantastic place in which to live."
He concluded: My message to owners is that if they are thinking of moving on this is no longer the buyers' market that they might fear and that prices are firming."

All enquiries should be directed to Peter Brunt, Hotels Director, Colliers International on 0117 917 2000.

ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
In the UK, Colliers International is one the top real estate advisory organisations, employing over 700 people in 12 full service offices across the UK and Ireland.
For the latest international news from Colliers International, visit colliers.com/news or follow us on Twitter: @ColliersIntl

Source: Empica Ltd on behalf of Colliers International. 

Simon Harding
Account Manager

Tel: 01275 394 400
Mob: 07766700681

 

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