Historic Derby coaching inn set to embark on new era

The entrepreneur who restored Derby’s iconic Old Bell Hotel has announced the building is up for sale.

Local businessman Paul Hurst spent three years and £1 million restoring the iconic Sadler Gate property after acquiring it in 2012.

Since then, it has established itself as a popular destination venue in the Cathedral Quarter, hosting shows, corporate events and weddings.

But now Paul, who also owns the Bennetts – which is regarded as the oldest department store brand in the world, has announced that the Old Bell Hotel is up for sale, with a guide price of £1.5 million.

The Old Bell is steeped in history. Dating back to 1650, it is one of the last surviving coaching inns in the UK.

From Bonnie Prince Charlie’s army to Paul McCartney, the Grade II listed building has played host to many guests over the years.

Mr Hurst said “After a decade of hard work, it is time to hand the baton over to someone else who can take the business to the next level.

“One of our greatest assets here is our fabulous team who share the same passion and drive for the building and our customers, to ensure they have the very best experience, whether popping in for a pint, relaxing with a coffee, enjoying a show or getting married.

“It has been an absolutely honour and privilege to be the custodian of The Old Bell, working with such an incredible team. I really am dreading my last day as I am sure it is going to be very emotional.

“Following the sale, I will be proud to join a long list of people who have made their mark on this incredible building over its 372-year history, but our many loyal customers should be reassured that it will continue to be business as usual throughout the transition to new ownership.”

The building features five bars and several function rooms, including its Grand Regency Ballroom, as well as a 60-cover restaurant.

The former hotel rooms are currently used as storage and office space, presenting a development opportunity for an incoming owner to reintroduce an accommodation offering.

Gavin Webb, senior business agent at Christie & Co, which has been appointed to market the property, said: “The Old Bell Hotel is a property of historic significance in Derby and opportunities of this nature rarely come to the market.

“New owners will have the opportunity to further develop the business by creating up to 12 letting bedrooms in the upper floors of the premises.”