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Hostberry Limited
Hostberry Limited, also trading as Norfolk Holiday Properties, is a holiday home management agency based in Norfolk.
The Company’s portfolio of properties has grown year-on-year, providing full management services on behalf of clients and advertising both on their own Norfolk Holiday Properties website as well as working with all the major holiday booking destinations including Airbnb, Booking.com and Tripadvisor.
As a long-standing client of the Business Compliance team at Price Bailey, who have provided accounting services to Hostberry for a number of years, when discussions began regarding a potential sale of the business, the Strategic Corporate Finance (SCF) team were introduced to support the owners in realising the value generated in the business.
The transaction was led by Seb Humberston and James White through negotiations, due diligence and to completion, with support from Price Bailey’s Business and Tax teams throughout. Leathes Prior Solicitors, led by Jack Horwitz, were legal advisors to the vendors.
Sascha Tucker, founder of Hostberry Limited said:
The team at Price Bailey were fantastic. Seb and James provided outstanding service in every way to help get the deal over the line. I’m delighted to see Hostberry in safe hands with Host & Stay and look forward to seeing what the future holds.
Seb Humberston, Strategic Corporate Finance Senior Manager said:
It has been a pleasure to assist Sascha and Mark throughout this transaction, which sees them realise the value of the hard work undertaken to achieve such success with Hostberry. Host & Stay provides a great fit for the business, and we wish all parties well going forwards.”
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