HOTEL transactions worth more than £86m took place in the South West in 2021 as the staycation boom attracted investors to the lucrative holiday market.
Across the UK hotels were hot property with global real estate advisor Savills revealing the country, outside of London, saw £2.04bn changing hands as hotels were bought and sold.
And the South West hotel market continued to be in demand with investment volumes climbing 8.2% compared with 2020, to £86.1m, according to Savills.
The company represented more than 40% of hotel assets transacted in 2021 in the South West.
Key deals include the sale of Treloyhan Manor, in St Ives, Cornwall, to Manchester-based developers for more than £3m off a guide price of £1.75m,
The Dial House, in Bourton on the Water, Gloucestershire, was sold to overseas investors off a guide price of £2.5m.
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