Two Flat Cap hotels put up for sale by administrators for £7m

Two Flat Cap Hotels properties have been put up for sale by administrators for £7m.

Christie & Co has been appointed to market the Bridge in Prestbury for offers in excess of £4.5m and the Vicarage in Cranage (pictured) for offers in excess of £2.5m.

Flat Cap Hotels was founded by Acorn Award winners and third-generation hoteliers Oliver and Dominic Heywood in 2015.

Its three hotels were known for being food-led destinations located in heritage sites, with the Bridge in Prestbury receiving the 2021 Hotel Catey award for Hotel Restaurant Team of the Year.

However, boutique brand fell into administration on 18 January after struggling with the impact of the pandemic, inflation, and challenging economic conditions.

Its third hotel, the Courthouse in Knutsford, has been closed by administrators.

The Vicarage in Cranage is a 23-bedroom property, which sits on the banks of the River Dane, and features a restaurant, bar and surround sound sports bar.

The Bridge is a 27-bedroom hotel and restaurant located on the banks of the River Bollin in the Cheshire village of Prestbury. Its riverside gardens feature an outdoor bar, which has made it a popular wedding location.

"The properties are available as a package or individually and we anticipate wide-ranging interest from investors and operators both national and independent," said Tom O'Malley, associate director – hotel broker at Christie & Co.