Acting on behalf of the private owner, Christie + Co has sold the freehold of the Rose & Crown Hotel in Tonbridge, Kent, to experienced hotelier Nick Richards, for an undisclosed sum, off an asking price of £1.65 million.
Situated in a prominent High Street location, the Rose & Crown is a substantial Grade II-Listed property, which is believed to date back to the 16th Century.
The 56 en suite-bedroom hotel comprises the 22-cover Pawley Bar; 55-cover Crown Restaurant; the 45-cpacity Medway meeting room; the 95-capacity Market Room; and the 14-capacity Skinners function room.
The business, which is licensed for civil weddings, also benefits from its own private 45-space car park and 32-cover, canopied external seating area.
Nick Richards is an experienced operator having sold his last hotel two years ago. He plans to take advantage of the Rose & Crown’s huge potential by substantially investing in the business and upgrading both the accommodation and F&B offering.
Matthew Smith, Director at Christie + Co, said: “Appealing to both leisure and corporate guests, the Rose & Crown Hotel generated a good level of interest from a number of prospective buyers. There is enormous potential to grow further trade at this prominently-located business and we believe this will happen under Nick’s experienced guidance.”