Britannia Hotels has expanded its property portfolio following the acquisition of a new venue in Bournemouth.
Specialist property adviser Christie + Co has revealed that Carrington House Hotel was sold to Britannia after offers were invited on £3 million for the business as a going concern, and the 145-bedroom venue is now set to be revamped and relaunched in a bid to boost business.
The hotel was previously owned and operated by Akkeron Hotels, but the company decided to sell it in order to concentrate its interests on operating other hotels in its portfolio, claiming that Carrington House no longer met its future plans and strategy.
However, Britannia was keen to take on the hotel, which is located on a tree-lined avenue on Bournemouth's East Cliff, within walking distance of the town centre and Bournemouth's famous beaches.
As well as its 145 bedrooms, Carrington House Hotel also has extensive banqueting facilities for 300 guests and an indoor leisure club, and Britannia is set to create a number of hospitality jobs at the venue as it aims to place it back among the elite destinations in the town.
Commenting on the sale, Simon Stevens, director of corporate hotels at Christie + Co, said: "Carrington House Hotel was an excellent opportunity for Britannia Hotels to add to its expanding portfolio. Founded in 1976, the group now has 44 hotels and more than 8,000 bedrooms. It is the largest privately owned hotel chain in the UK."
He also voice his expectation that Britannia Hotels will take the Carrington House Hotel business forward and secure "increased leisure business" for the resort, as well as bringing "valuable employment opportunities" to the area through the creation of hotel, recreation and chef jobs.
The acquisition of the Carrington House Hotel means that Britannia now has five hotels in the town, including the 114-bedroom Heathlands Hotel, the 123-bedroom Britannia Hotel Bournemouth, the 127-room Roundhouse Hotel, and the Royal Bath, the town's very first hotel.