RSS FeedRSS Feed

Sale success for Goadsby with Glendevon Hotel, Bournemouth13th December 2012

The Hotels & Leisure Division of Goadsby has sold the 37-bedroom Glendevon Hotel on West Cliff of Bournemouth.

Acquired by established hotel operators, the Glendevon represents the latest addition to their portfolio and their second hotel in Bournemouth.

Divisional Director, Ian Palmer, said: “We were very pleased to be able to conclude this sale which was by no means straightforward, in spite of a willing seller and buyer. Even though the business traded profitably the purchaser’s bank funding was withdrawn at the eleventh hour, requiring the need for some imaginative structuring to enable the transaction to complete. This is just one more example of the leisure sector apparently receiving unreasonably harsh treatment from the lending institutions.”

The guide price was £1.095 million. 

Recent Headlines

Click here for more news stories...

Commercial Property Events

Have you any commercial property events you'd like to tell us about? It could be networking, exhibitions, seminars, industry lunches or sporting fixtures. We will list them for free. Just email with the following details: Event name, date, time, venue, cost, booking info and a brief description of the event.

Commercial Property Jobs

To list your property job vacancies on Property News. Email:

Sign up to our free e-alerts for all your property news and views.
Follow Property News on Facebook Follow Property News on Twitter Follow Property News on Google+ Follow Property News on Linkedin Property News RSS Feed