Port Gaverne hotel acquired by St Austell Brewery

14 May 2014 by
Port Gaverne hotel acquired by St Austell Brewery

The 15-bedroom Port Gaverne hotel in the Cornish village of the same name has been acquired by the St Austell Brewery, off a guide price of just under £1.5m.

Located close to the beach in the secluded cove of Port Gaverne, the hotel has been sold by Graham and Annabelle Sylvester.

It will now be operated by a new lessee, David Barnard, who also manages the Molesworth Arms in Wadebridge, Cornwall on behalf of the brewery.

The hotel has a bar, restaurant and first floor lounge.

Simon Harvey, director of Christie + Co in Exeter, which acted on behalf of the vendors, said: "We are delighted to have assisted Graham and Annabelle in the sale and likewise, continue our association with St Austell Brewery and its ongoing growth plans. We wish David Barnard all the very best with the continued operation of the hotel and with his future plans."

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