Specialist business property adviser, Christie & Co is pleased to report The Burgoyne hotel in the beautiful Yorkshire Dales has been sold to luxury holiday home operator, Maison Parfaite.
Set within the breath-taking Swaledale Valley, in the village of Reeth, this lovely Grade II listed hotel boasts 11 charming bedrooms, a guest lounge and the highly impressive 1783 Restaurant, which proudly holds an AA Rosette. The building sits prominently in the village, overlooking the green, with stunning fell views from both the front and the rear.
Previous owner, Ian Hewitt is a Yorkshire born-and-bred, semi-retired oil executive, who now resides on the south coast of England. From here, he managed to oversee the hotel’s refurbishment, which transformed it into a very popular and highly profitable hospitality business.
Ian comments, “During a “coast to coast” walk in 2017, I stayed for a night in The Burgoyne and was attracted by the charm of the building and potential it had as a business. I felt that with the right level of investment, both structurally and operationally, it could be one of the best boutique hotels in the county. I was aware that it was available for sale and so I returned shortly after my walk, approached the seller and a deal was struck.”
Commenting on his decision to sell, Ian adds, “After a few years of driving the business forward, largely from afar, I decided that the time had come to let someone else take the reigns and to capitalise on the investments I had made. Mark Worley of Christie & Co, had been advising me for a while, with regards to the state of the post-covid market and so I engaged him and Christie & Co to help find me a buyer.”
The new owners, husband and wife team, Sarah and Sean McDermott are the founders of Yorkshire-based hospitality company, Maison Parfaite which operates luxury holiday homes across the North East.
Sarah comments, “My husband, Sean and I are absolutely thrilled with our new acquisition. We first stayed at The Burgoyne a few years back, when we were renovating our very first holiday home in Aysgarth, just in the next Dale! We instantly fell in love with The Burgoyne, so when it came up for sale, we just had to add her to our portfolio of fabulous holiday homes in our Maison Parfaite portfolio. We are very grateful to Ian and for all at Christie & Co, for allowing us the opportunity to purchase this wonderful, iconic building and we’ll be sure to do her justice with a fabulous renovation coming soon.”
Mark Worley, Director and Hospitality Agent with Christie & Co, who brokered the deal advises, “The Burgoyne is a superbly presented hotel which generates excellent profits and boasts an idyllic location in a National Park. It therefore ticks three very important boxes on the list of current buyer requirements. We are very pleased that Sarah and Sean have bought the business, with the intention to continue to provide high quality accommodation for the Yorkshire tourist and leisure economy.
“This sale demonstrates that the current hotel market remains buoyant and the demand for hospitality businesses continues despite the challenges around operating costs.”