Tuesday, April 23, 2024

Council takes ownership of hotel in Sleaford

In a move which will secure a prestigious hotel business, protect jobs and broaden its economic and social benefits, North Kesteven District Council has taken ownership of the Carre Arms Hotel in Sleaford.

The purchase of both the hotel and its operating company has been finalised following a decision by Full Council on February 29, 2024, with Members agreeing that there were significant advantages to the community in protecting this key local infrastructure asset, which could otherwise be lost as a viable business.

Acquisition of the Carre Arms also assists the Council significantly in advancing its ambitions around expanding the local visitor economy – being one of only two hotels in the immediate area with more than 10 rooms – and the regeneration of Sleaford Town Centre.

The move also protects an historic, landmark building and introduces opportunity to enhance its viability as an accommodation, conference and functions provider.

Council Chief Executive Ian Fytche said the realisation of this opportunity to move forward a number of the Council’s strategic aims around Sleaford’s regeneration and the potential for growing the local visitor economy was something the Council could not afford to pass over.

“For more than 12 years we have recognised the need for expanded hotel provision in order to meet existing and growing demand for business and visitor accommodation, but that is something that the private sector has not been able to provide,” he said.

“That reality, allied with the broader aspirations of the Sleaford Masterplan and the Council’s wider strategic interests in redevelopment opportunities in the immediate area of the Carre Arms, have led to the Council taking this proactive intervention.

“It is an action entirely consistent with legal and financial frameworks and will ultimately support the Council in both delivering on its objectives and maintaining its own ongoing viability, just as its established Lafford Homes housing company does.

“Customers of the Carre Arms will see no immediate difference as there is no change to the operations of the hotel or the circumstances of the employees.

“Along with the retiring owners, who have run a successful business for more than 20 years, we thank them for their goodwill both now and over the years in providing a much-needed multipurpose venue in the heart of Sleaford.”

 

Image courtesy of North Kesteven District Council

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