Seafront hotel sold to housing developer for £1million
PUBLISHED: 09:00 09 March 2018
A landmark hotel on Weston’s seafront has been snapped up by a property developer, just days after it was advertised.
Dauncey’s Hotel, in Claremont Crescent, was bought for £995,000 by Supported Independence Ltd – which helps people with mental health needs, learning difficulties and drug and alcohol issues to live independently.
A number of property developers and care operators expressed an interest in taking on the 72-bedroom hotel, which was sold by Christie & Co.
A spokesman from Supported Independence Ltd said: “We are really pleased to have purchased the closed Dauncey’s Hotel which was identified by North Somerset Council in 2017 as one of its designated locations for additional housing to 2026.
“Due to the closure of the hotel, we considered the building was now better suited to redevelopment and look forward to working with North Somerset Council to realise desperately needed new housing in this area.”
Dauncey’s Hotel, which boasts views over Weston Bay and the Bristol Channel, is split over five floors, including a basement, with lifts, a conservatory, gardens and patios.
The site comprises of six houses in a Grade-II listed crescent which was built in 1860.
The hotel, which was previously owned by The UK Holiday Group, was allocated for 10 new homes in North Somerset Council’s sites allocation housing plan.
Matthew Smith, director at Christie & Co’s Bristol office said: “We are thrilled to announce the sale of Dauncey’s Hotel.
“The UK Holiday Group made the decision to close the hotel to concentrate on other aspects of its business which presented an exciting opportunity to market this substantial asset.
“Due to the lack of allocated parking in this location we were of the opinion it would be a challenge to generate interest from hotel buyers, in particular for those wishing to attract the private leisure market.
“We considered that interest would be received from buyers seeking an alternative use, especially where parking would not be the focus of the operation, and we are delighted to announce Supported Independence’s exciting plans to fully utilise this unique property.”
The property was previously listed for sale in 2009 but back then it had a £1.6million price tag.