The Stag Hotel Sold
18th February 2021
The Altius Group are delighted to announce the successful sale of The Stag Hotel, sold to a first-time buyer in just seven weeks after marketing.
The hotel, situated in Hampshire, is a 19th century charming bed and breakfast business located in a popular village in Lyndhurst.
The business is ideally positioned at the heart of the village just a short walk from a selection of shops and local amenities with public transport facilities and the main roads are close at hand.
The hotel has cemented a strong reputation since its inception in 2014 and enjoys repeat custom as a result.
Having successfully operated in the area for many years and under current ownership for the last 7 years, the current owner wanted to sell The Stag Hotel as they wanted to enjoy their well-deserved retirement.
Recognised as the leading business broker in the UK, the owner instructed Altius in the sale and our bespoke marketing campaign generated three strong offers.
The hotel was sold to a first-time buyer in the licenced and leisure sector. They wanted a new project and felt The Stag Hotel would be a good investment.
Upon completion of the sale, the vendor said: “The level of service from Altius has been good from start to finish and I am happy with the fact we got a sale so quickly from the offers received.
“It was time for me to move on and I am more than ready to have some time for myself. With Covid-19 and the lockdown restrictions in place, I was conscious that a deal wouldn’t happen, but I am happy that we got it done in the end.
“Thank you to everyone at Altius.”
The buyer said: “This process has been long and stressful because of the ongoing pandemic, but I am happy with the service provided by Altius.
“Their support has been excellent, and the feedback was always regular throughout the process. Thank you to our Sales Negotiator for your efforts.”
The Sales Negotiator said: ““I am really pleased to have achieved a sale and sold the business for our seller during a pandemic.
“The purchaser was the first to view the business and their offer was accepted within the first seven weeks of marketing.”
