Savills has recently advised Pentire Hotel Limited on its disposal of the Pentire Hotel, Newquay, Cornwall to Cashmere Hotels Limited off an undisclosed guide price.
The Pentire Hotel features 76 bedrooms and has recently undergone significant investment and renovations. The amenities include a bistro, terrace and contemporary lounge bar, as well as a conference suite with a private bar and a south facing terrace for al fresco dining. The ground floor boasts a newly refurbished indoor swimming pool and spa treatment room with direct garden access.
The Pentire Hotel is situated on Pentire Avenue, benefiting from superb sea views over the Atlantic Ocean. The hotel is 0.3 miles from Newquay’s most renowned surfing destination, Fistral Beach. Newquay town centre is approximately 1.8 miles away, with convenient proximity to Newquay bus station, train station and Newquay Airport.
The sale was completed to Cashmere Hotels following an off-market sale process with Savills acting for the vendor, who was also represented by Dominic Hollingsworth of Wollens Solicitors.
James Greenslade, Director, Savills Hotel Capital Markets, said, “The sale of the Pentire Hotel provides the purchaser with a well invested hotel, with a strong trading track record. Given the strong market fundamentals, we understandably received good levels of interest in the hotel and are delighted to have found a new owner who we are sure will continue its success.”
