Expanding East Anglian hotel group buys second business in the region
Businesses sold
Specialist property adviser Christie + Co is pleased to announce the sale of the Best Western Priory Hotel in the popular town of Bury St Edmunds, Suffolk.
The 3AA country house style property has been acquired for an undisclosed sum off a £1.25m asking price by the Cameron Ventures Group. It is the the second acquisition for the company, which already owns and operates the extended and upgraded 40 bedroom Best Western Brome Grange Hotel in Brome, on the Norfolk/Suffolk border.
The Priory is a Grade II listed property with parts dating back to the 16th century. Over the last few years, the period building has been skillfully restored and extended to offer extensive dining and function areas together with 36 en-suite letting rooms. Many of the letting rooms are Courtyard and Garden rooms overlooking the spectacular grounds which extend to over an acre and formerly occupied a friary in 1250 AD.
Tim Gooding, Director at Christie + Co’s Ipswich Office handled the sale, he comments “We are delighted to have sold the business and we are sure that the buyers, who have doubled their room capacity in the region with this purchase, will continue to grow further. We wish them all the best with this exciting new venture.”
