Porter Dodson advise on the purchase of Hotel Riviera Sidmouth

    Porter Dodson advise on the purchase of Hotel Riviera Sidmouth

    Porter Dodson are delighted to have advised Unison Triumph Investments (UK) Limited on the recent acquisition of Hotel Riviera in Sidmouth – described as being one of the finest boutique 4-star hotels in the South West.

    Porter Dodson’s Corporate Commercial Team, headed up by Partner Evelyn Adfield and assisted by Matthew Jackson, acted for the buyer on the purchase of the business and assets of Hotel Riviera, as the current owners retire after 50 years of ownership. Providing the complete service, the purchase was also assisted by Commercial Property Partner, Ben Hingley and Kate Shawcross advising on employment and TUPE implications.

    Upon completion, Evelyn commented “It was a pleasure to work with Unison on such a high-profile local transaction which secures the future of such a prestigious hotel. It was a real team effort from Porter Dodson, providing expertise in many areas to support the purchase.”

    A representative from Unison Triumph Investments (UK) Limited commented “We would like to thank Evelyn, Ben and the team for the outstanding legal support and guidance provided throughout this acquisition. It is much appreciated.”

    Acting for the buyer, Matthew Smith, Partner at Knight Frank Hotels Brokerage Team said, “Located on the Jurassic coastline 14 miles from Exeter, the hotel attracted considerable interest resulting in a sale to an overseas investor and demonstrates the demand for highly profitable, well-maintained hotels in prime coastal locations.”

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