Richardson Hotels' owner, Keith Richardson has taken the strategic decision to divest of these hotels as part of a retirement strategy. The hotels are available separately or as a portfolio of two assets.

The Grade II Listed Falmouth Hotel, on Falmouth sea front, has excellent sea views and comprises 71 en suite bedrooms. The ground floor AA rosette rated Castle restaurant and bar also benefit from expansive views. There are three function rooms with a combined capacity of 170 guests. The spa provides a fully equipped gym, indoor heated swimming pool, hot tub and sauna, and a variety of treatment rooms. Externally there are gardens, a terrace and car parking. The site extends to around three acres and has development potential to extend the hotel with additional bedrooms, with consent previously granted for 16 additional rooms.

The Abbey Sands Hotel is located on Belgrave Road in Torquay, and also benefits from sea views from a number of its 47 bedrooms. There is scope to increase the bedroom count to 52 with five further rooms, converted from unused space, nearing completion. The Riviera Restaurant and Lawns Lounge Bar provide around 80 covers and access on to a large terrace. In addition there is a large ballroom (capacity for 200), a further function room, indoor swimming pool and gardens with external swimming pool.

James Greenslade, Director, Hotel Capital Markets, Savills, comments: "These sales represent an excellent opportunity to acquire the freehold interest in two fantastic South West hotels. The Falmouth Hotel is one of Falmouth's best known hotels, located above Castle Beach with excellent sea views. The Abbey Hotel is in an excellent location in Torquay, offering easy access to both the sea front and town centre. We expect good interest in both properties."

Keith Richardson, owner of Richardson Hotels, comments: " I have decided to sell these hotels as part of a retirement strategy. The purchaser of these hotels will inherit excellent staff and I am sure they will continue to look after our staff, guests and these fabulous hotels going forwards.

Located in Falmouth, one of the South West's leading cultural and festival destinations, the building has excellent connectivity through the A39 and Falmouth Dock Station. The hotel also benefits from close proximity to Castle Beach and Gyllyngvase Beach, Falmouth's largest and most popular beach.

The Abbey Sands Hotel is in close proximity to the sea front and town centre, and is easily accessible from the M5 motorway via the A380 dual carriageway and only 0.7 miles from Torquay station.

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Savills plc published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 09:22:07 UTC.