The 42-bedroom hotel has been sold for the first time in 22 years to the family-run hotel group, JDP Hotels Group.
Based on the south side of Bradford, two miles from the M62 motorway, The Guide Post Hotel is also a weddings and function venue.
The previous owner, Alexander Guthe has owned and operated the hotel since 1998 and made the decision to sell to pursue other property ventures.
The new owners, JDP Hotels plan to continue to run the Guide Post Hotel under the current umbrella of Best Western, with the existing management team remaining in place.
Commenting on the purchase, family member, Pratik Paw, said, “Despite the difficult times, our group has confidence in the recovery of the hospitality sector in the medium term, particularly established hotels with a good reputation and a proven onsite management team, such as the Guide Post Hotel. We are extremely pleased to welcome the hotel and its team into our group.”
The Guide Post Hotel was marketed by David Lee, Regional Director in Christie & Co’s Hospitality team.
Mr Lee said: “We were delighted to work with the owners of this hotel and achieve a sale in a short period of time. Marketing commenced in October 2020 and there were a number of interested parties.
"A transaction completing in less than six months from instruction to completion is an achievement we are proud of. We would like to thank Mr Guthe for the opportunity to sell his hotel and would very much like to wish JDP Hotels every success in their new venture. The market for selling hotels as demonstrated by this sale remains surprisingly robust considering the macro environment.”
Other properties in the group’s portfolio include the Best Western Hotel St Pierre in Wakefield and The Beaufort Park Hotel and Conference Centre in Mold, North Wales.
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