Specialist business property adviser Christie & Co has sold Yorebridge House, a destination hotel, restaurant and bar in the heart of Wensleydale.
Yorebridge House offers 12 individually designed ensuite bedrooms with sweeping views of the surrounding countryside. The stone building is Grade II listed and set within six acres of private grounds.
The hotel – a multi-award winning five-star venue – is also home to The Orangery restaurant, a bar with roaring fire, a versatile function room which regularly hosts events and celebrations, and the Laurent Perrier wine-tasting room. There are also a further two rooms licensed for marriage and civil partnership ceremonies.
The hotel has been owned by David and Charlotte Reilly for 19 years: “We have thoroughly enjoyed our years owning Yorebridge House and we are delighted to be handing over the reins to David and his team, who we know will nurture this fantastic business and its wonderful team of staff and continue to improve and develop it for a very exciting future.”
The hotel has been sold to DWC Hotels. Director David Whitehead said: “We are super excited about taking Yorebridge House on to its next chapter, with the development of a mini spa and barn conversion to add more accommodation. This is a unique venue and we are privileged to have been able to secure it and move forward in our business goals for the company.”
Jennifer Boynton, Associate at Hay & Kilner, who provided legal advice to DWC Hotels, said: “It’s been a pleasure to advise and work with DWC Hotels on their acquisition of Yorebridge House. This purchase demonstrates that the leisure and hospitality industry remains buoyant and the demand for businesses in the sector continues.
“We wish them well with their new venture operating this iconic, boutique Dales hotel, which will be a great acquisition to their already successful portfolio.”
David Lee, Regional Director – Hotels at Christie & Co, who managed the sale, said: “I have known Dave and Charlotte Reilly for a number of years and we all worked closely together to firstly agree an exit strategy, and then during the process of selling the hotel to maximise interest but limit disruption to the day-to-day running of the business.
“We were pleased to conclude the sale of Yorebridge House to David Whitehead. Yorebridge House is one of the finest examples of a boutique hotel in the country and it was a privilege to be involved in the sale. I would like to thank Dave and Charlotte for the opportunity and would like to wish David every success in the new venture and his expansion plans.”
The hotel was sold off an asking price of £3,800,000.
