The Fleece Hotel in Richmond, North Yorkshire, has been sold by The Fleece Holdings Limited to a local investor for an unspecified amount.
This comes after the 13-bedroom town centre hotel was closed at the end of summer 2023 due to the owners’ desire to divest of the property and “concentrate on other business interests”.
The hotel was placed on the market by Colliers, who has also handled the sale, for offers in excess of £1m.
In recent years, the 135-year-old Grade II-listed hotel has been fully refurbished to create 13 bedrooms, residential apartments, and a 100-cover ground floor bar and restaurant, and boasts a gothic-styled façade of brick and stone, with a number of original features including turrets, arrow slits and parapets.
While the initial sale proposition excluded two residential units within The Fleece Hotel, these have now been included in the sale to the local investor.
It was also sold with planning consent for eight additional bedrooms or conversion of the upper floors to residential use.
The new owners plan to reopen the hotel and restaurant in the next few months.
Chris Miles from The Fleece Holdings said: “We’ve been happy custodians of The Fleece Hotel and have enjoyed maintaining its unique look, while bringing it up to modern standards of hospitality.
“However, now is the time for us to move on with our other business interests and we’re pleased to be passing the hotel on to a local investor who is able to give the business the attention it deserves and provide quality services to guests once again.”
Robert Smithson, associate director in hotels agency at Colliers, added: “We’re pleased to have managed the sale of another outstanding Yorkshire hotel asset. The former owners of The Fleece created an excellent venue and invested heavily in its refurbishment and planning.
“However, as hotel operations were not their business focus it is fantastic to see the property being passed on to a local investor and operator who is looking to forward and get the Fleece back up and running.
