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.


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