Grande Mare Hotel sold to Guernsey-based billionaire

Guernsey's La Grande Mare Hotel has been sold to Pula Investments, a company owned by billionaire Stephen Lansdown.

The co-founder of British financial-services firm, Hargreaves Lansdown, moved to the island in 2010 as a non-executive director for Ravenscroft Group.

He also owns Bristol Sport and is listed at number 1070 on the Forbes 2018 Billionaire List.

The sale of the four-star hotel, golf and country club was completed on New Year's Eve. It was previously owned by brothers Chris and Simon Vermeulen.

The new owner says he hopes to secure the hotel's reputation as a golf club on an international level.