Kent Hotel Sold By Watling Real Estate To Local Entrepreneur

 A former hotel and wedding venue in Kent has been sold, along with the adjoining residential property known as Longmead, by Watling Real Estate to local entrepreneur Terence Haigh for £1.7 million.

Little Silver Country Hotel on Ashford Road, St Michaels, Tenterden, went on the market in May when Watling were appointed by joint fixed charge receivers Paul Atkinson and Julie Humphrey of FRP, following its recent closure.

The site, on nearly one acre of land, was sold freehold and will remain a hotel and leisure facility under its new ownership.

Mr Haigh, who built up and sold sauce company Fruitapeel and allergen-free food company, Supreme Foods, plans to reopen the hotel by the end of the year after completing a full refurbishment of the property including upgrading the rooms and improving the garden.

Tom Colyer, associate director in Watling’s London office, said: “During the marketing process, we had strong levels of interest from across a number of purchaser groups within the wider hospitality and leisure sector.”

“Little Silver Country Hotel has in the past been a very popular hotel and wedding venue with a long history in this part of Kent and we are very pleased to have achieved a result where it will remain a hotel and leisure facility.

“It is fantastic to see continued commercial use which will provide a great facility and employment opportunities for the local community and further afield.”

The venue has 16 en-suite bedrooms, a bar and restaurant, and wedding function room, with the accommodation extending to approximately 10,635 sq ft.

Access is from the A28 via a large in and out driveway into a small car-parking area at the front of the property, with an access road along one side of the property providing access to the rear.

Andrew Doinik of law firm Hallett & Co acted for the joint fixed charge receivers and the buyer was advised by David Moroney of Kuits Solicitors.

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