A new Devon hotel room investment has become available in the form of Atlantic Bay. Based in Woolacombe – a popular seaside resort in north Devon, the Victorian resort enjoys views over both the nearby National Trust countryside and the rugged coastline.
The hotel will undergo a sympathetic renovation that will bring it up to the same high standard as the developer’s previous projects and flagship hotels. The rooms will be furnished to the highest specification, cementing its position as one of Woolacombe’s most prestigious resorts.
Woolacombe benefits from a booming tourist trade, due to its location in picturesque Devon, abundance of quaint cafes and shops and proximity to Areas of Outstanding Natural Beauty and beaches. It has won the title of Britain’s Best Beach in the Coast Magazine Awards in 2012, and won the title again in 2015 with Tripadvisor.
With these sorts of accolades to its name, it is no surprise that tourists flock to north Devon. The area welcomes over 6 million visitors every year, and last year visitors spent £464.1m, contributing to a total tourism turnover of over £550m. The south west is the most popular region where domestic overnight guests travel to, accounting for 19.7 million trips, or 19% of the total.
A consistent and high number of tourists to the area and the hotel’s idyllic location will ensure good occupancy levels resulting in a good return on investment. The development company is so sure of the demand that they are guaranteeing a 10% net income for ten years.
Enquire today to find out about this Devon hotel room investment in well sought after Woolacombe. We are predicting high demand for units that can accommodate the area’s booming tourism industry.