The Rosevine has been sold to Fairtree Capital, a South African private equity fund.
The hotel will be managed by Providence Hospitality under the direction of newly-appointed regional manager, Martin Nicholas. A substantial handover period has been agreed to ensure a smooth transition, and all hotel employees will remain in their current positions.
Previous owners, Hazel and Tim Brocklebank said, “The Rosevine has been a big part of our lives. It was not hard to fall in love with this gorgeous part of the Roseland coast, and this wonderful view. Since opening in 2008 we have welcomed lots of lovely people to stay, and have been truly touched by such a positive response. We would like to say a huge thank you to all our guests, and especially to our staff who have worked so hard alongside us.
“We wish Joe Bester and the new team much success going forwards with The Rosevine, and we will watch with interest. As a family, we are looking forward to taking some time off with our children this summer, and to some new projects in future months.”
Fairtree Capital also own Fowey boutique hotel The Old Quay House Hotel which they bought last autumn.