A LAKE District hotel has been acquired by a UK-based hotel management company.
Providence Hotels has announced the lease acquisition of Mary Mount Hotel, Derwentwater, Borrowdale.
The acquisition is said to be part of Providence Hotels' expansion strategy.
The company said it plans to "respect the hotel’s rich history and the family's legacy while continuously enhancing the guest experience."
The hotel is said to have started as a 14-bedroom arts and crafts building and has grown over time.
Sybrand Engelbrecht, business development director at Providence Hotels, said: “This partnership, with the owners of Mary Mount Hotel, reflects our commitment to sustainable growth and long-term value creation.
"By securing this lease, we not only expand our operational footprint but also strengthen our ability to deliver increased revenue streams for our stakeholders.”
“We are thrilled to add Mary Mount Hotel to our portfolio.
"This property perfectly aligns with our strategic vision of expanding into key locations across the UK, particularly in areas that offer a unique and memorable guest experience. We look forward to enhancing the hotel’s offerings while preserving its charm and character," he said.
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