A ‘hidden gem’ hotel in Sidmouth has a new owner who vows to give it ‘more attention to flourish’.
The Sidholme Hotel has been sold some eight months after the Grade II property went on the market in July 2020, inviting offers in excess of £1.9million.
This week it was announced property agents Savills, on behalf of joint administrators of Methodist Guild Holidays Ltd, completed the sale of the hotel to Arsh Holdings.
The new owner said the aim was to improve the appearance of the site and the quality of service at the hotel.
Ali Rad, managing director of Arsh Holdings, said: “This property is a historical landmark which needs more attention to flourish and become a well-appointed hotel both for locals and visiting guests.
“We strive to improve not only the appearance of the site but also the quality of service provided at the hotel.”
The hotel, in the Elysian Fields area of Sidmouth, sits in a secluded position within 5.2 acres of private gardens and grounds.
Last year the town launched the Save Sidmouth’s Hidden Gem campaign to raise £2million to buy the 195-year-old hotel.
At the time the owner of the property, Methodist Guild Holidays Ltd, said it was ‘saddened’ at offloading the hotel and ‘heartened’ by the town’s bid to buy the property, with its ‘spectacular’ Victorian music room, fully-working organ, and ‘amazing’ grounds.
Harriet Fuller, associate in the hotels team at Savills Exeter, said: “This is an impressive building that is full of history and uniquely positioned near to the town and seafront, and we look forward to watching the hotel’s next chapter with its new owners.
“Regional hotels, particularly in tourist locations, continue to perform well as we look forward to a summer out of lockdown.”