Christie & Co, a specialist business property adviser, has facilitated the sale of Queens Court Hotel in Exeter to Harries-Jones family, the existing hoteliers.
The details of the sale, including the guide price, have been kept confidential.
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Set in a Grade II listed Georgian-era building, the hotel is located in a serene, leafy square in the heart of Exeter.
The family that operates The Galaxie Hotel in Oxford has incorporated Queens Court Hotel into their portfolio of establishments.
Harries-Jones family’s Charlie Harries-Jones said: “We are delighted to announce the purchase of Queens Court Hotel. This is the first step in our growth strategy to provide differentiated hotel accommodation in regional cities across the UK.
“We look forward to working with the current management team and would like to thank those who have helped us secure this transaction.”
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By GlobalDataQueens Court Hotel has 20 guest rooms and has been operating primarily as a bed and breakfast since the on-site restaurant ceased service in 2020.
In addition to its accommodation facilities, the property features a lounge bar and a function suite.
The hotel’s prime location is a mere stone’s throw from Exeter St David’s and Central Train Stations.
The previous owner, Mr K Balendran, had been at the helm of the hotel since 2015. Under his ownership, Queens Court Hotel has established itself as a profitable venture.
Christie & Co’s South West Hotels team director Stephen Champion said: “Queens Court Hotel generated significant interest when it was launched to the market resulting in competitive bidding from multiple parties and a sale price in excess of the advertised asking price.
“We are delighted to have acted for our client on the sale, with Christie & Co also having previously brokered the sale of the hotel in 2005 and 2015. We wish the Harries-Jones’ every success with their new business acquisition.”
Christie & Co successfully orchestrated the sale of Bradford’s former IBIS Budget Hotel in September 2024.
