A popular hotel in the heart of Peterborough has just been sold.
The 33-bedroom Newark Hotel, in Eastfield Road, has been sold to new owners for an undisclosed sum.
Very rarely do private hotels of this scale come to the market in Peterborough.Christie& Co spokesman
The sale of the hotel has been announced by specialist hotel property adviser Christie and Co.
A spokesman said: “The Newark Hotel has been sold following a competitive process, with funding arranged by sister company Christie Finance.
He said: “Vivien Weatherhead, who has owned and operated the hotel since 1992 passes the torch to experienced operator Sukh Sanghera of London.
The spokesman added: “The hotel benefits from an established mix of leisure and corporate business all year round and is well-positioned for accessing Peterborough’s historical sites, leisure facilities and business areas.
“The hotel also offers a spacious bar, lounge, restaurant and a conference room which can accommodate up to 20 delegates.
“Very rarely do private hotels of this scale come to the market in Peterborough, and as a result the hotel generated significant interest culminating in a sale to the Sanghera family.
“We wish them all the best in their new venture.”