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Gloucestershire Business News

Painswick hotel sells for £900,000

Specialist business property adviser Christie & Co has announced the sale of Cardynham House in Painswick.

Cardynham House

The characterful late 15th century former wool merchants house has been adapted over time to create a nine-bedroom guesthouse, complete with four-poster and half tester beds.

Graded four-star 'Guest Accommodation' by Quality in Tourism, the business also comprises a ground floor bistro (circa 42 covers) and a "Pool Room" which contains a private indoor heated swimming pool with east facing windows overlooking its own private walled courtyard and garden.

For the last 21 years, the business has been run by Mr John Paterson, who lives in nearby Cheltenham. Mr Paterson decided to sell in order to pursue a well-earned retirement.

Cardynham House has been purchased by Mr Tom Leahy for £900,000.

Richard Thomas, business agent at Christie & Co, who handled the sale, said: "As a classic example of traditional Cotswold architecture, combining charm, practicality and an ideal location with a plethora of customer groups, Cardynham House is a great example of how good businesses retain their market desirability despite the ongoing economic impact of Covid-19 on the hospitality sector.

"Painswick is highly regarded as one of the best places in the Cotswolds to visit and we are delighted to have assisted the seller in retirement and passing this excellent business onto a new owner."

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