Famous Redcliffe Hotel sold for £4.5 million
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One of Torbay's most well-known hotels - and owned by one of the tourism, industry's most respected families - has been sold for £4.5 million.
Specialist business property advisor Christie & Co has confirmed the sale of The Redcliffe Hotel, a traditional seafront hotel in Paignton, for the first time in over 40 years.
The property has been owned by the Twigger family since 1979, with the family making the decision to sell as the current owner, Stephen Twigger is looking to retire.
He said: "Our family are proud and privileged to have owned this wonderful and unique hotel for the last 42 years. We would like to thank all our loyal staff, customers and suppliers for their support, especially over the last 18 months and we wish the new owners continued success in the future.”
Situated on a promontory dividing the two sandy beaches of Paignton and Preston, the Redcliffe boasts one of the best positions on the English Riviera, with panoramic views across the Devon coastline.
The 70-bed hotel was originally constructed between1855 and 1865 as a grand home named Redcliffe Towers for the retired Colonel Robert Smith and is now regarded as a Grade II listed landmark and prominent piece of architectural history, with much of its original design having been inspired by traditional Indian architecture.