Family hotel on Suffolk coast changes hands
PUBLISHED: 13:45 24 August 2018 | UPDATED: 09:33 28 August 2018
Fishers Hotel in Pakefield, near Lowestoft has been sold, and its new owner is looking to refurbish and grow the hotel.
The 16-bedroom hotel has been bought by Nathan Jones, co-founder of Harbour & Jones Ltd, a London based food service and hospitality specialist. In June 2017, Harbour & Jones Ltd merged with CH&Co, where Mr Jones continues to be a Director.
Previous owners, David and Lesley Fisher acquired the business through Christie & Co in 2000, and decided to sell the hotel to semi-retire. They said in a statement: “We’ve really enjoyed our time at Fishers and wish Nathan, Sally & Cathy well for their new venture, which we’re sure will be successful and, with the investment planned, will certainly take the business on to the next level.”
Whilst under the ownership of the Fishers, the property had been refurbished. It features a lounge bar, restaurant, and conservatory dining area with seating for 25 guests, plus 16 en suite letting bedrooms, six of which have private entrances. Additionally, there is a detached two bedroom bungalow providing on site manager’s accommodation.
New owner Mr Jones grew up in Pakefield, where his parents ran a fish and chip shop while he trained in hotel and food service management at Lowestoft College. Now with 30 years experience in the hospitality industry behind him, Mr Jones has decided to make this purchase in his hometown. “This will remain a family led business,” he said. “My sister, Cathy will be heading a team to run this new venture, which we hope in time will grow to multiple sites. We plan to refurbish the hotel to a high standard and give it a new name and image, while working hard to maintain and build upon the reputation set by David and Lesley.
“In time, the restaurant will reopen for quality Sunday lunches and feature a series of pop up restaurant concepts running from Thursday to Saturday with a constantly changing themed dinner menu. We also wish to create a bar offering that cannot be found in any of the neighbouring establishments that compliments the dinner theme.”
Christie & Co sought an asking price in excess of £675,000 for the freehold interest, which sold for an undisclosed sum.