Lancefield’s Cleveland Winery has sold to award-winning boutique hotel specialist, Lancemore Group, in competition from eight bidders.
The property boasts a 40.3 hectare site with facilities including 50 guest rooms, seven function spaces, restaurant, and a cellar door with a working vineyard of varying grape variety.
Lancemore Group’s acquisition adds to their existing regional Victorian portfolio comprising Lancemore Lindenderry Red Hill, Lancemore Mansion Hotel Werribee Park, Lancemore Macedon Ranges and Lancemore Milawa in the state’s Northern High Country.
CEO of Lancemore Group Julian Clark said the group felt Cleveland Winery had some “outstanding repositioning potential”.
“Our intention is to refurbish the property and operate it for generations to come,” he said.
“We love an opportunity to put the Lancemore touches on an existing asset and we are really excited about the future of Cleveland Winery.”
JLL Hotels and Hospitality Group was appointed exclusively to sell the winery and stated that the “agency team are already fielding a significant increase in buyer demand for ‘drive to’ tourism and leisure assets, which has now only been heightened given the uncertainty surrounding state border closures.”
“Properties like Cleveland Winery will no doubt be sought-after and our team looks forward to announcing similar opportunities to the market in the coming weeks,” they said.
