THE Daffodil Hotel & Spa in the Lake District has become the third hotel purchased by Fairtree Alternative Real Estate backed by funds advised by Blantyre Capital Limited. 

The partners previously purchased luxury Scottish hotels Fonab Castle Hotel and Dunkeld House in Perthshire earlier this year.

Julian Troup at Colliers advised the vendors, and the transaction took place at an undisclosed price.

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Mr Troup said: "This is a significant individual hotel sale in the Lake District and reflects strong future demand from customers keen to holiday in the Lake District. We’ve advised on 37 transactions in this region since the beginning of last year.

"It’s a strategic addition to the fund’s growing value-add portfolio operated by the Fairtree Hotel Management team of select luxury UK hotels and it’s notable that this sale coincides with the fifth anniversary of the Lake District acquiring its UNESCO World Heritage Site status."

Joe Bester, portfolio manager at Fairtree added: "We’re pleased to announce our latest acquisition with Blantyre as we curate our UK luxury leisure portfolio. Daffodil Hotel & Spa is a premium leisure destination in a stunning popular location which attracts visitors from across the globe with significant opportunities for adding value and improving the offering."