After 30 years Yeovil Court Hotel owner sells to first time buyer
Yeovil Court Hotel in Yeovil has been sold through specialist business property adviser, Christie & Co off an asking price of £1,300,000.
The owner, Brian Devonport, decided to retire from the industry following a 30 year ownership having developed a successful business with a strong reputation for weddings and events.
Following a comprehensive marketing campaign the hotel has been sold to first time entrants into the hospitality sector who look forward to taking over the reins and to continue the hotel's excellent reputation.
Matthew Smith, Director at Christie & Co's Bristol office comments, "Yeovil Court Hotel is an established and profitable hotel that suited both a first time hospitality entrant or an experienced operator, and generated considerable interest within weeks of launching to the market. The sale of this hotel further demonstrates the demand for quality hotels across the South West region with buyers and banks showing increased appetite to purchase profitable businesses in this sector.”
