A2K Leisure buys Albion Hotel, advised by Moore Barlow

Published by

Sam Pither

Surrey-based A2K leisure has acquired the Isle of Wight’s Albion Hotel for an undisclosed sum, with Moore Barlow playing a lead role in advising the buyer.

The hotel, which sits on the seafront at Freshwater Bay, has 41 rooms, with a multi-million pound refurbishment planned as part of the purchase. It was previously owned by the Spyker family, who own a number of Isle of Wight properties.

A2K Leisure’s David Walker said: “The Albion will be a lovely addition to our growing portfolio of hotels. We have great plans for a multi-million-pound refurbishment to bring the hotel up to date whilst retaining it 300 years of rich heritage. It will become one of the hottest destinations on the South Coast over the next few years”.

“We believe firmly in the long-term resilience of the leisure and hospitality sectors and consider now a great time to expand and invest.”

The deal was led by William Warnock, partner in Moore Barlow’s commercial property team. William added: “This deal illustrates there are still plenty of growth opportunities available in hospitality. Responsible and diligent business owners can use the current market conditions to set themselves up to take advantage of the expected market recovery in 2023/24.

“A2K is a well-run business, that we have developed a strong working relationship with. It will, without doubt, be a perfect custodian of the Albion Hotel.”

Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset. A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise. Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.