The Moorend Park hotel in the Cotwold spa town of Cheltenham has been bought by Elvira Mansfield.
Mansfield, who formerly owned a hotel in Broadway, is of Ukrainian origin. She and her hotel manager can speak a combined seven languages and they plan to build up a strong international clientele for the Gloucestershire hotel.
The detached, high-ceilinged, Victorian townhouse has a prominent location on one of the main routes into the town.
Facilities include nine bedrooms to sleep 18 guest, two lounges, a 28-seat breakfast room and two car parks.
The spacious, three-bedroom owners’ accommodation occupies the entire lower ground floor.
The hotel has traded to date on a B&B basis and has a projected £90,000 turnover for the year to 31 March 2008.
For the year to 28 February, 2006, it achieved a trading profit of £90,657 on a £133,097 net turnover.
The Cirencester office of Colliers Robert Barry sold the freehold off a guide price of £875,000.
By Angela Frewin
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