Isle of Wight hotel changes hands after 33 years

Thursday 23rd February 2006 09:08

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.

Featured video - for more, visit Caterer and Hotelkeeper’s YouTube channel >>

    Caterer and Hotel Keeper Jobs
    Most ReadMost Viewed News
    Sign up to Caterer and Hotelkeeper
    Mobile Site
    Also on Caterer and HotelKeeper