The owners of The Grand Hotel in Lytham have expanded their business with the acquisition of a hotel in Grasmere, Cumbria, thanks to advice from Napthens solicitors.
Richard and Mandy Webb, owners of The Grand and its sister hotel Grand 22, both in Lytham St Annes, have acquired the Gold Rill Hotel for an undisclosed sum from its owner Paul and Catherine Jewsbury.
The hotel, in the centre of Grasmere village, boasts 25 rooms plus a further seven in a nearby lodge.
Richard and Mandy, who have taken on the hotel’s 30 staff, now plan on getting to know the venue and its customers before announcing further plans for refurbishment.
The couple were advised on the transaction by a team from Lancashire-based Napthens solicitors, led by Commercial Property partner Martin Long. The team included Corporate solicitor Victoria Bromiley, Employment solicitor Kimberley Barrett-St. Vall and head of Leisure and Licensing Malcolm Ireland.
Nat West Bank provided finance and Tony Cooney of Ashworth Treasure Chartered Accountants advised on tax issues.
Martin Long of Napthens said: “Richard and Mandy have made a great success of The Grand in Lytham St Annes and this acquisition is a perfect fit for them – a great location with loyal customers – and I can’t wait to see how they develop the business.”
Richard Webb said: “The Gold Rill is situated in a fabulous area nestled in the Lakeland fells so is a popular retreat for tourists and walkers.
“To expand the business, which we started with The Grand, I felt the time was right. We plan on taking time to get to know the hotel, its staff and customers before we make any changes but we expect to carry out some refurbishment and redecoration in the near future. It’s an exciting time for us and we’re looking forward to the challenge.”