• Merritt bags Hydro

Thai-backed investor Lake Merritt Group has bought the Hydro Hotel in Windermere out of administration. The 78 room property was marketed by Colliers Intl with a GBP2.5-2.75m guide price.

Lake Merritt already owns the Best Western Edinburgh South Braid Hills hotel. The Hydro was owned by Squire Hotels, and is the third of its properties to go through an administration.

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