Hopes Rising That Shuttered St Martin’s Businesses Could Be Sold Soon

St Martin's Hotel

St Martin’s Hotel

Estate agents representing two major businesses on St Martin’s are hopeful that their sale can be arranged soon.

The Seven Stones Inn and the St Martin’s Hotel have remained closed throughout this season, but in the past few weeks there has been increased interest in both businesses.

The loss of the two venues has hit the island hard. Peter Sykes, the Director of the St Martin’s on the Isles Hotel closed the business in February this year and the Seven Stones Inn ceased trading last July.

Interested parties have visited both premises with estate agents in the last few days leading to speculation over purchasers.

Tresco Estate has issued a statement to quash rumours that they are interested in taking on the 30-room hotel. Marketing manager Alasdair Moore says there is, “absolutely no truth” in it.

There have also been suggestions that an Asia-based business group is in talks about taking over the hotel, marketed as a £2m leasehold property. Simon Stevens of Christie’s Estate Agents couldn’t go into detail but confirmed that there has been an encouraging level of interest and says he hopes he can convert that into a deal.

Simon hopes to have more information in a few weeks time.

St Mary’s estate agent Ian Sibley says he has been approached by different parties concerning the pub. The business was under offer between Christmas and February but the potential buyer was not in a position to exchange.

Ian says the business is needed desperately by the island. If the sale can be agreed the pub could open very late in the season.

St Martin’s residents have worked together to counteract the loss of the two operations. Since the start of the season they’ve been highlighting the attractions and available services on the island with a What’s On sheet produced weekly by islander Anna Cawthray.