The Riviera hotel on the Isle of Wight has changed hands for the first time in 33 years.
Local hotelier Mr Patel has snapped up the freehold on the 43-bedroom property for close to the guide price of £950,000.
The hotel is located in the Sandown area of the island and is a short walk from the town centre, the pier and the sandy beach of Sandown Bay
Aimed at the top end of the two-star market, the Riviera has a short-break programme, regular entertainment and a thriving private function business.
The property includes a 120-seat restaurant, a 100-seat lounge bar with a dance floor, and two-bedroom owners’ accommodation
The Southampton office of Colliers Robert Barry marketed the hotel on behalf of the sellers, Terry and Janet New.
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