Choice Hotels (Blackpool) Ltd, owners of The Cliffs, The Claremont & The Viking hotels sell off Lakes hotel

A Blackpool based hotel chain has sold off one of it’s landmark properties.

Choice Hotels (Blackpool) Ltd, owners of Blackpool’s The Cliffs Hotel, The Claremont Hotel, The Viking Hotel plus The Keswick Hotel in the Lake District have sold the The Patterdale Hotel.

The landmark hotel property dating back 400 years and located in the heart of the Lake District has been acquired by family business Lake District Hotels, after it was marketed at a guide price of offers in the region of £3.95m.

Located in the idyllic village of Patterdale, within the UNESCO-designated Lake District National Park, Patterdale Hotel joins a company, whose other properties include the Lodore Falls Hotel and Spa, Derwentwater and the four-star Inn on the Lake which has a lakeside position overlooking Ullswater.

The imposing stone-built building - which dates back to 1626 - sits on approximately six acres and features 60 en-suite letting bedrooms, extensive staff accommodation, and well-appointed public areas, including the Place Fell Inn lounge bar, an interconnecting snug, the West Lounge with combined seating of about 40, and a estaurant seating 66.

The sellers, Choice Hotels (Blackpool) Ltd decided to sell the hotel following the directors' decision to refocus their attention on their original Lancashire coast portfolio.

A spokesperson for Choice Hotels said: "It has been a privilege to steward the Patterdale Hotel for more than 25 years, investing significantly in refurbishments and upgrades.

"The hotel enjoys a loyal customer base, and we wish the new owners every success as they take the business into an exciting new chapter, building on this solid foundation and capitalising on the hotel's unique setting."

Dani Hope, director of Lake District Hotels Ltd, added: "We are excited to add the Patterdale Hotel to our collection of Lakeland hotels. We have extensive plans to upgrade the accommodation and to trade the hotel alongside our other properties in the north Lakes."

Julian Troup, head of Colliers' Hotels Agency team, said: "The Patterdale Hotel unsurprisingly generated significant interest from a diverse range of interested parties.

"The opportunity offered an enviable location, extensive accommodation, and solid trading performance make it a highly attractive proposition. This transaction is further evidence of the Lake District's continued ability to attract strong domestic and overseas investment."