Falmouth Hotel in Cornwall has been sold to Greenbank owners

The Cornwall Hotel Collection, which currently owns The Greenbank in Falmouth and The Alverton in Truro, said it was “delighted” to announce the purchase of the Falmouth Hotel.

In March the Packet reported how the historic hotel had been put up for sale for offers in excess of £7.5m, as part of the former owner's retirement plans.

Savills was marketing the freehold of the hotel on behalf of Richardson Hotels.

Now its sale has been confirmed, for an undisclosed figure.

The Cornwall Hotel Collection said the purchase marked a “significant milestone” for it as hotel operators, as well as the hospitality landscape in Falmouth, and the wider county.

The Falmouth Hotel has beautiful views front and back (Image: 3deep Media/Cornwall Hotel Collection)

With a legacy spanning more than a century of running award-winning hospitality businesses, The Cornish Hotel Collection added that it was “excited to embrace The Falmouth Hotel into the family, and back under local ownership after almost 20 years.”

Roger French, chairman of the board of directors, said: “We are honoured to welcome The Falmouth Hotel into The Cornwall Hotel Collection family.

“Our roots in Cornwall go back generations, and we understand the responsibility that comes with stewarding such iconic establishments.

“The Falmouth Hotel holds a special place in the hearts of many, and we are committed to ensuring its legacy endures for generations to come."

The sale signifies more than just a change in management; it heralds a new chapter of revitalisation and investment into the beachside property.

The new senior management team at the hotel (Image: Cornwall Hotel Collection)

The Cornwall Hotel Collection vowed to continue its track record of “thoughtfully honouring the heritage of historic properties”, ensuring that The Falmouth Hotel is “in experienced hands” - and that it will be protected and preserved as a hotel, in local ownership, at a time when many are closing or being repurposed.

Heading up the purchase is Ben Young, managing director of the collection, who said: “Falmouth deserves its eponymous hotel to shine brightly as a beacon of pride for the town.

“This is more than just a business deal for us. The Cornwall Hotel Collection has many personal ties and anecdotal links to The Falmouth Hotel.

“My family were on the board of directors for the original company, right up until the hotel was acquired by the Richardson Group in 2005, and the foundation stone was laid in 1865 by the brother of the first owner of our hotel in Truro.

An old postcard showing the early days of the Falmouth Hotel (Image: Archive)

“We believe that The Falmouth Hotel should properly reflect the town’s vibrant spirit and rich heritage.

“Through careful restoration and strategic enhancements, we will create a hotel destination that celebrates Falmouth's unique identity while offering outstanding hospitality.

“We are focused on preserving and improving the hotel for the benefit of the town, the employees, and all stakeholders involved.”

The hotel from the air (Image: Cornwall Hotel Collection)

Harriet Fuller, Associate Director, Hotel Capital Markets, Savills, said: “We are delighted to have assisted Richardson Hotels in disposing of this excellent property as part of their long-term strategy. The Falmouth Hotel is one of Falmouth’s best-known hotels, with further opportunities to increase the hotel’s offering, subject to obtaining the necessary consents.”