Grab TV’s Cley Hall for £695,000

Cley Hall Hotel, Spalding
Cley Hall Hotel, Spalding
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Budding hoteliers are being targeted in the sale of an award-winning Spalding hotel that has just raised its profile by winning the Channel Four series Four in a Bed.

The Cley Hall Hotel in the High Street has been placed on the market by current owners David Stanbridge and Andrew Robb.

Real estate advisor Colliers International is marketing the Grade II listed property with 15 letting bedrooms at an asking price of £695,000.

Jonathan Wren, director, hotels, Colliers International, said: “The current owners acquired Cley Hall Hotel in 2011 and during their two-year ownership have spent considerable time and money updating the hotel and enhancing the reputation of the business.

“Despite David and Andrew running the hotel as a ‘lifestyle’ business, where they spend at least 12 weeks a year overseas, the hotel boasts an impressive turnover of in excess of £328k per annum. The potential afforded by the planning consent, the opportunity to convert the loft space of the owners’ accommodation, alongside the prospect of building on the hotel’s existing profile as an events venue, presents as an exciting opportunity for an experienced or budding hotelier to acquire this successful lifestyle business with tremendous potential for future growth.”