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Hotel Review Issue 16/01
1 Hotel Review Issue 16/01 fleurets.com The Crown Manor House Hotel in the New Forest. One of four independent hotels operated by the Buzasi brothers A look at Corporate Activity
Paul Hardwick Due to a heavy excess of demand major players, albeit supported by Director over supply and eye watering London trade buyers during recent times. & Head of Hotels pricing, transactional activity has concentrated on the regions. Whilst a In addition to those transactions reflection of the rejuvenating private listed in the table, a number of further market and individual asset sales, group deals, both small and large, are along with the continued expansion under way, providing a strong pipeline It has been an incredibly interesting and active year or of the established and emerging of activity going forward, albeit it is so, with changing market dynamics across the leisure brands through new development, it difficult to imagine that 2016 will property sectors. However, it is arguably the hotel is predominantly a result of a handful match recent record levels. sector which has dominated the headlines in terms of of very significant group deals. Private deal volumes. equity and overseas buyers have been
Approx. Approx. Deal Hotels Keys Reported Price Per Buyer Price Key
Jurys Inn portfolio 31 861 £680m £79k Lone Star Funds of 31 Hotels
Feathers Group, 8 726 £70m £96k Topland portfolio of 8 hotels Cerberus Capital 18 UK Holiday Inns 18 2,443 £225m £92k Management Accor Sale and 7 469 £23m £49k Starboard Hotels Leaseback Malmaison Hotel Frasers Hospitality 29 2,082 £363m £175k Du Vin UK Holdings HK CTS Metropark Kew Green Hotels 54 £400m Hotels Co. Big Sleep Hotels 3 190 Undisclosed Undisclosed Compass Hospitality 50:50 JV between Thai Industrial Jupiter Mercure 26 2,883 £155m £53k and Engineering Hotels Service (TIES) 7 Fico Corporation
Frasers Hospitality/ Swire Hotels 4 265 £36m £136k Malmaison Hotel Du Vin
There has also been a reasonable degree of traditional investment availability of funding from traditional and alternative sources, activity at portfolio level, reflecting the growing understanding and supported by a trend of improving trading performance, we expect acceptance of leisure property as mainstream investment assets. that purchaser appetite will continue, with asset supply met through Starboard Hotels, for example, acquired 7 hotels in a sale and trade sales, group consolidation and partly through increased leaseback transaction with Accor. liquidity in the private market, as sellers cash in on improving pricing. The investment market has, however, proven to be somewhat subdued during the last few months, a combination of the stamp The market is not, however, without concern. National Living Wage duty land tax changes, which resulted in a one off adjustment to is a significant challenge, the migrant crisis continues to affect commercial property values according to IPD, alongside ongoing Europe, the UK’s continued membership of the European Union political and economic concerns. is in debate and recent terrorist attacks have impacted on travel numbers. There is of course continued uncertainty around the With interest rates continuing at historically low levels, increasing domestic, European and global economies.
2 Hotel Review Issue 16/01 fleurets.com Hard times for the industry: Best Western GB offers solutions
Rob Payne We are one of only three countries in apprentice schemes. Apprenticeships can CEO of Best Western Great Britain and Europe who don’t have a lower VAT for have a positive impact on our industry; Beacon, Britain’s leading purchasing tourism; a reduction in Tourism VAT would indeed, as a result of the NLW and other organisation. bring us in line with our competition. financial pressures, more than 80% of our member hotels said they would reconsider Tourism is one of the largest contributors The Cut Tourism VAT campaign group have their recruitment strategies, including to the UK economy, a multibillion pound said this would create 120,000 new jobs employing more apprentices. performer year after year. Yet I think the and add £3.9bn into the treasury. tourism and hospitality industries are faced We know that with some key issues that will continue every one of these to affect them significantly in the future, pressures with little intervention or support from the has a personal Government. impact on our hotels, and without One of the biggest issues for our industry, more support, the and most topical is the National Living landscape of Great Wage (NLW), which has the potential British hotels could to damage the image of British tourism change dramatically worldwide. From a recent survey of the over the next 12 hotels we represent, 90% said they might months. have to increase their prices to mitigate To find out more against costs incurred by the NLW. about how you can support industry-
The Office of Budget Responsibility Best Western Plus The Connaught Hotel, Bournemouth backed campaigns predicted that 60,000 jobs would be lost visit www.bha.org.uk as a result of the introduction of the NLW. Another key issue for our industry is the or contact media@ While we are all in favour of a fair wage for disruption in the online distribution space bestwestern.co.uk. everyone, I think that it will be small and and a huge worry to Best Western’s medium-sized enterprises (SMEs) that will members is that amongst this online pay the highest price for the introduction disruption and dominance is Rate Parity. of the NLW, with those job losses Rate Parity has been banned in France, disproportionately distributed amongst our Italy and Germany and it is about time it industry. was addressed here too. Best Western GB is working with the British Hospitality Our sister company, Beacon, helps our Association (BHA) to ensure that this issue members with professional procurement to is at the forefront of the Government’s relieve the pressure on margins and secure mind. global economies of scale. We have seen businesses that are heavily dependent upon The third issue I am particularly passionate people for production and distribution pass about is making the hospitality industry on the cost of the NLW in their goods to a first choice career for school leavers our customer base. My worry is for those and graduates. With more governmental smaller independent businesses that do support and industry buy in, we believe not have the security of being part of a that we can address the skills deficit collective like ours. within the hospitality industry, as well as attract and support quality employees. With that in mind we are calling on the One way of attracting more young people Government to look again at ways in which into hospitality will be through the
it can help ease pressure on our industry. wider promotion and implementation of Best Western Braid Hills Hotel in Edinburgh
3 Hotel Review Issue 16/01 fleurets.com What Lies Ahead?
Neil Gerrard they did more often, but spending slightly Paris terror attacks which pushed down Associate Editor, The Caterer less on each occasion than they did a year London hotel occupancy in its aftermath, before. or the flooding in Cumbria, Lancashire, and Trying to predict the future is supposedly Scotland, and the continued fall in oil prices a mug’s game, but in the increasingly But all that glistens is not gold and there are which is wreaking havoc in the Aberdeen competitive world of hospitality nor is now some notes of caution. hotel market. ignorance likely to be bliss. Restaurant trends analysts Horizons In spite of all of the above, the picture still And while we at The Caterer like to try predicted that overcapacity in the market looks positive for UK hospitality, particularly and avoid being branded mugs, we also try due to several years of rapid growth, in the regions where much of the growth to remain alive to both the opportunities particularly among the bigger groups, means is taking place, and a continuation of food and some of the obstacles that may face that growth in eating out will be constrained price deflation in 2016 should at least restaurant, hotel and foodservice business over the longer term. provide some respite for hoteliers and operators. restaurateurs alike. The industry has also recently seen the So, after a couple of years during which we introduction of the National Living Wage, We mustn’t take continued food price have enjoyed some more positive economic and there is of course still concern among deflation for granted, of course. One news, what lies ahead for the hospitality many about the effect it will have on some interesting side effect of a decision to leave sector? operators, particularly independents. the EU (and a worrying one, especially if you are a restaurateur or caterer) could be We started the year with news that eating Meanwhile, there was a flurry of deals in a marked weakening of Sterling. Obviously, out in restaurants still appears to be in good the hotel sector at the end of 2015 with the effects of a decision to leave would health, and openings continued apace in the Accor Hotels paying £2bn for the luxury only be felt over the longer term, but it run-up to Christmas, both in and outside of Fairmont, Raffles and Swissotel brands. could eventually lead to a ramping up of London and the south east. The tug of war to gain control of Starwood food inflation again, which, combined with Hotels & Resorts has resolved as the merger increasing labour costs could spell trouble There was a raft of information from of Marriott International and Starwood for operators. operators like Fuller’s, Marston’s, Loungers, Hotels & Resorts has been approved by and Oakman Inns and Restaurants, among shareholders of both companies. So there are reasons to be cheerful, but others, that suggested that it was a positive also some potential pitfalls that the market Christmas and New Year period in the Consolidation is expected to continue will need to remain vigilant of. As ever, of hospitality sector (although of course, those throughout 2016 as several international course, the operators who demonstrate the who had a less fruitful festive period are hotel groups jockey for position, with IHG highest levels of quality - whether that is probably less inclined to shout about it). expected to try and reassert its dominance quality of service or food - coupled with an with an acquisition. offer that represents value for money, will Even the wet weather, which hurt some be the ones who endure. retail businesses, didn’t seem to dampen the On a national level, there have been some public’s enthusiasm for eating out, which local shocks to the market such as the
4 Hotel Review Issue 16/01 fleurets.com Making Room
Mark Wingett Coaching Inn Group, the Kevin Charity-led, said this would be combined with existing Editor, MCA Andrew Guy-chaired business, secured a growth funds, as the group seeks to grow £20m investment from the Commer Group. to 10 sites. Greacen said he was keen to The UK’s coaching inn sector is on the That was followed by a further £4.5m focus on pubs with rooms because “the rise again, helped by new investment and secured from the Business Growth Fund as accommodation feeds other areas of the improving market conditions, with a number it seeks to double in size by 2020. business”. of fledgling groups set to take advantage. When the then seven-strong group Cirrus Inns, the investment vehicle launched According to the latest sector research received backing from the Commer Group to back a premium estate of freehold regional hotel occupancies have climbed last January it set out its target of doubling pubs with rooms, has recently secured a back into the 70s since 2011 and have in size by 2020. Having added three sites further two sites, as its looks to ramp up its been creeping up since then, hitting during 2015, the group is now planning six expansion plans over the next two years. 75% in 2014. It’s forecast for 2016 that more acquisitions this year. Finance director The 15-strong company raised a further 77% would be the highest on record. At Ed Walsh said: “We believe the ability to £15m toward its continued expansion the same time, research late last year by consolidate the coaching inn market could in 2014. The group, which is led by Alex Barclays showed that 77% of British adults create a very big business. It could be Langlands Pearse (Langy), raised the funding have been on or are planning a staycation, very much a national play. It depends on via its existing shareholders. The group, with the combined spend estimated at how viable group acquisitions are versus which operates sites including the iconic £22.5bn every year. It found that the individual sites. Our geography at the The Punchbowl in London’s Mayfair and number of UK small businesses catering for moment is quite broad and there are plenty the Yew Tree Inn in Berkshire, had spent accommodation and food services has risen of infill opportunities but we are certainly the previous 12 months strengthening its 17% since 2009 as appetite for staycations interested in pushing south.” operations team and enhancing the offer rises. across its estate as it gears up for further Competition for that growth will come from expansion. It is thought that the group The Barclays data reveals an average spend operators such as the Inn Collection, Cirrus is aiming to eventually invest in up to 35 of £575 per party with men spending over Inns and Draco Pub Company. The Inn pubs and has already built up a database of 5% more than women, while those over Collection, the north-east based coaching “talented” entrepreneurs to work with. 55+ budget £619 on average and are inn operator backed by Kings Park Capital, most likely to go away in September than has recently been given permission to Not that these fledgling operators will have any other month. The seaside is the most build its sixth site. Rob Greacen, managing it all their own way, with established group’s popular type of staycation with 20 million or director of Draco Pub Co, says that the such as Fuller’s, Young’s, Star Pubs & Bars 52% heading to be beside the sea, followed group’s recent £4m refinancing deal will and Thwaites all expressing their desire by country breaks (45%). allow it to ramp up its expansion plans – to ramp up the accommodations sides of with a deal close on its fourth site. The their businesses. Will there be room for It is no surprise then that new investment Somerset-based coaching inn operator has everyone? has entered the sector. Last January, the struck a deal with Barclays and Greacen
5 Hotel Review Issue 16/01 fleurets.com Hotels High Expectations
Will Thomas Growing demand for regional stock is in turn further yield compression, alternatively Senior Associate applying downward pressure on property seeking to dispose of hotels with inflated yields and increasing hotel pricing, alongside price expectations. It is certainly the which is the ongoing strengthening of case that the market has improved, regional hotels performance, benefitting performance is growing and values have sellers at the expense of buyers. generally increased, however, the key to achieving a sale at the right price in the Key performance statistics (supplied by optimum timeframe is proper pricing at A late flurry of activity in 2015 has meant STR Global Limited) for Greater London the outset. Whilst it is human nature to transaction volumes within the hotel sector suggested that hotel occupancy has seek to make the most of an opportunity, exceeded both 2014’s post recession declined and although room rate has shown excessive pricing typically leads to a peak and also the levels achieved in 2006. improvement, RevPar growth has slowed. prolonged marketing period, potentially a Activity in the regions has dominated Conversely, the statistics reflect a strong stagnated marketing process and alienating the market, with portfolio activity leading regional hotel performance, occupancy prospective purchasers. the way. Overseas buyers have been having improved substantially over the last key participants, particularly US private few years, room rates and RevPar showing Unfortunately, the current market equity and Asia Pacific and Middle Eastern above inflationary growth. conditions can readily be used by agents to investors. A shortage of Central London secure sales instructions by providing sellers stock, combined with high pricing means This renewed strength and confidence in with price guidance they want to hear rather that buyer activity is likely to be displaced, the regional market has led to some hotel than what they should hear. increasing the focus on the regions further. owners hoarding assets in anticipation of
Rolling 12 Months Regional UK Jan-14 Jan-15 Dec-15 Occupancy 72.7% 75.3% 75.9% ADR £60.27 £64.22 £67.19 RevPAR £43.83 £48.38 £51.00 % Change on Previous Year Occupancy 4.2% 3.6% 1.1% ADR 1.9% 6.6% 5.0% RevPAR 6.1% 10.4% 6.1%
Rolling 12 Months Greater London Jan-14 Jan-15 Dec-15 Occupancy 82.7% 83.0% 82.2% ADR £137.02 £140.61 £143.95 RevPAR £113.31 £116.74 £118.27 % Change on Previous Year Occupancy 2.9% 0.4% (-1.0%) ADR (-1.7%) 2.6% 2.5% RevPAR 1.2% 3.0% 1.5%
Source: STR Global Limited
6 Hotel Review Issue 16/01 fleurets.com Hotels
London & South Agent Details Paul Hardwick SOLD STC Director & Head of Hotels T 020 7280 4749 M 07748 988568
E [email protected] Forest Row, East Sussex £1,850,000 - Freehold 19 letting rooms, bar & restaurant. Popular Will Thomas roadside inn in central village location. Senior Associate South Ref: S-515127 EPC-D T 01273 429500 M 07879 497363
Charlie Armour Graduate Surveyor T 020 7280 4700 M 07787 347 182 Soho, London Alderney, Channel Islands E [email protected] £3,800,000 - Leasehold £1,465,000 - Freehold Stunning central London boutique hotel opportunity. 17 beds/suites. 50 cover restaurant and outside 14 en-suite rooms. Café/restaurant & additional seating. Prominent corner position. 50 metres from Leicester Square. bar area. 5 tier sun terrace. London Ref: LH-52814 EPC-D South Ref: S-514576 EPC-N/A
Lyndhurst, Hampshire Lewes, East Sussex £2,250,000 - Freehold £2,000,000 - Freehold Unique opportunity in the New Forest National Park. 8 en-suite rooms and 5 flats. Planning for 3 High profile county town centre hotel. 19 en-suite rooms. Extensive food and beverage trade areas. additional letting rooms. Leisure facilities including pool. Circa 12 acres. Additional function room on first floor. South Ref: S-514586 EPC-TBC South Ref: S-414403 EPC-N/A
SOLD STC
Eastbourne, East Sussex Lyndhurst, Hampshire £2,000,000 - Freehold £1,300,000 - Freehold Well established 62 bed hotel. Presented to a high standard. Dining room with circa 120 covers. Genuine Well established business with strong EBITDA. 19 en-suite rooms with separate bar & restaurant. retirement sale. Car parking & gardens to the front. South Ref: S-313736 EPC-C South Ref: S-514707 EPC-B
7 Hotel Review Issue 16/01 fleurets.com Hotels
Brighton, East Sussex Brighton, East Sussex £1,250,000 - Freehold £1,200,000 - Freehold 13 en-suite rooms. Near seafront. Owner’s studio Stylish boutique guest house. 14 en-suite rooms. flat. T/O y/e June 2015 £272,854. Ideal for investor buyer. South Ref: S-514976 EPC-N/A South Ref: S-615310 EPC-C
SOLD STC
Eastbourne, East Sussex Ventnor, Isle of Wight Polegate, East Sussex £300,000 - Leasehold £1,000,000 - Freehold £1,000,000 - Freehold 10 bed guest house, 2 separate cottages (1x2 bed & 1x4 bed), tea gardens. Centrally located on seafront 28 en-suite rooms. Restaurant (50) and bar. 7 en-suite rooms. 2 Rosette restaurant. in popular resort. Attractive lifestyle business. Terrace with seating for 60. Owner’s accommodation and car park. South Ref: S-515140 EPC-N/A South Ref: S-514923 EPC-C South Ref: S-515158 EPC-D
SOLD
Shanklin, Isle of Wight Brighton, East Sussex Westcliffe On Sea, Essex Shanklin, Isle of Wight £650,000 - Freehold £795,000 - Freehold £650,000 - Freehold £170,000 - Leasehold 32 en-suite rooms. Restaurant (62), bar & car park. 11 bed guest house near to seafront. Strong well Stylish 6 bed guest house with owner’s 30 en-suite rooms. Restaurant, bar, indoor pool & Retirement sale. established business. accommodation. Lifestyle business. leisure facilities. South Ref: S-414297 EPC-D South Ref: S-515233 EPC-N/A South Ref: LH-62828 EPC-TBC South Ref: S-514613 EPC-C East Anglia Agent Details Bob Whittle Director T 01223 402600 M 07836 680490 Norfolk E [email protected] £925,000 - Virtual Freehold 3 star guest accom. 45 en-suite bedrooms, lounge bar, 2 dining rooms & swimming pool. East Anglia Ref: E-414204 EPC-C
SOLD STC
Norfolk Stowmarket, Suffolk £685,000 - Freehold £975,000 - Freehold On behalf of mortgagee in possession. 40 Established AA 3 star commercial hotel. 26 bedrooms, lounge bar, restaurant, function room, self- bedrooms, 2 bars, functions & restaurant. contained management flat, garden & car park. 1.43 acres. East Anglia Ref: E-514649 EPC-N/A East Anglia Ref: E-514402 EPC-D
SOLD STC
Downham Market, Norfolk Chatteris, Cambridgeshire Great Yarmouth, Norfolk £545,000 - Freehold £525,000 - Freehold £450,000 - Freehold 12 bedrooms, bar & restaurant/function room. 12 bedrooms, bar, restaurant, residents’ lounge, English Tourist Board 2 star Coaching Hotel with Established business. Retirement sale. function room, buffet room & 4 bed house. 22 en-suite letting beds. Near to the sea front. East Anglia Ref: E-514889 EPC-N/A East Anglia Ref: E-413909 EPC-N/A East Anglia Ref: E-514472 EPC-C
8 Hotel Review Issue 16/01 fleurets.com Hotels
Skegness, Lincolnshire Chapel Hill, Lincolnshire Harringworth, Northamptonshire £350,000 - Freehold £329,950 - Freehold Nil Premium - Leasehold UNDER OFFER Close to town centre and seafront. 7 en-suite Charming B&B, restaurant & bar. 8 B&B letting 8 letting rooms situated in stunning Welland letting bedrooms. rooms. Valley. Good local and visiting trade. East Anglia Ref: E-514870 EPC-E East Anglia Ref: E-514952 EPC-D East Anglia Ref. E-615135 EPC-N/A North West Agent Details Lesley Watmough Divisional Director T 0161 683 5445 M 07887 504694 Bolton, Lancashire E [email protected] £1,800,000 - Freehold Bar, bistro & function room. T/O circa £900k. Approximately 40 rooms, not in use. North West Ref: NW-416514 EPC-TBC
South Lakes, Cumbria Llangollen, Denbighshire Offers Invited - Freehold £1,100,000 - Freehold Established 27 bed hotel & restaurant. Excellent 32 en-suite hotel in town centre & riverside location. 55 cover restaurant, bar (40), 2 bed private trade. Retirement sale. 3 bed accommodation. accommodation & car park. Proven accounts. EPC-D North West Ref: NW-517995 EPC-C North West Ref: NW-618523
Warrington, Cheshire Blackpool, Lancashire £1,000,000 - Freehold £975,000 - Freehold 25 bed hotel & restaurant, circa 110 covers. 3 North Shore Promenade, 42 bed hotel, heated function suites. Established trade. pool & proven profits. North West Ref: NW-315718 EPC-C North West Ref: NW-518377 EPC-C
Portmadog, Gwynedd Macclesfield, Cheshire Blackpool, Lancashire £875,000 - Freehold £550,000 - Freehold £799,000 - Freehold Profitable bed & breakfast. Lifestyle business, approximately £120k net profit. 13 en-suite rooms plus a 14 bed town centre commercial hotel. T/O c Dining room circa 80 covers. 40 beds, lounge bar, one bed cottage, 1 bed owner’s accommodation, dining room for circa 22 covers, patios & car park. £106k high profits. Private accommodation. TV lounge/games area & 2 bed flat. North West Ref: NW-517921 EPC-E North West Ref: NW-618690 EPC-E North West Ref: NW-3167 EPC-C
Faugh, Cumbria Carnforth, Lancashire Llandudno, Conwy Llandudno, Conwy £765,000 - Freehold £750,000 - Freehold £750,000 - Virtual Freehold £670,000 - Virtual Freehold Historic country inn/restaurant, 11 letting rooms, 3 Award-winning refurbed country inn & Fully refurbished 20-bed en-suite hotel, 3 bed flat. 24-bed en-suite prom hotel, t/a B&B. Proven bed accommodation, lifestyle business. smokehouse. 7 luxury rooms & 2 bed accom. Established turnover. profits. 1 bed accommodation. Grade II listed. North West Ref: NW-416826 EPC-C North West Ref: NW-517307 EPC-F North West Ref: NW-518317 EPC-C North West Ref: NW-518229 EPC-N/A
9 Hotel Review Issue 16/01 fleurets.com Hotels
Llandudno, Conwy Holywell, Flintshire £595,000 - Freehold £590,000 - Freehold Promenade hotel with 18 en-suite bedrooms. Public bar, dining room & attractive 3 bed private flat. T/O Traditional country inn with 13 en-suite beds & 2 bed caravan. Established turnover £383,509. Adj NP IEO £200k. Refurbished to an excellent standard. £137,452. Traditional bar (50), dining room (30), 1 bed private accommodation, car park & gardens. North West Ref: NW-215116 EPC-C North West Ref: NW-416437 EPC-D
Morecambe, Lancashire Blackpool, Lancashire Llanbedr, Gwynedd Llanberis, Gwynedd £625,000 - Freehold £599,000 - Freehold £595,000 - Freehold OIEO £595,000 - Freehold Approximately 0.827 acre site. Substantial building. 45 bed tourist hotel. Proven trade. Passenger lift. Country house hotel, 7 letting rooms, dining room, Country hotel & restaurant. 10 letting rooms & 2 Currently closed ex-hotel. Parking & private flat. landscaped gardens & car park. bed owner’s accommodation. North Wet Ref: NW-518087 EPC-D North West Ref: NW-618607 EPC-C North West Ref: NW-517298 EPC-E North West Ref: NW-517368 EPC-C
Llandudno, Conwy Southport, Merseyside Llandudno, Conwy St Bees, Cumbria £550,000 - Virtual Freehold £299,000 - Freehold £585,000 - Long Leasehold £285,000 - Long Leasehold 15 en-suite sea front hotel. Proven T/O & profits. Lifestyle B&B, 6 en-suite beds, 1 bed private 16 en-suite bed hotel, 40 cover restaurant, run as Established guest house. Lifestyle business, 4 Car park & additional rental income. accommodation. Desirable location. B&B lifestyle business. Established t/o. Car park. letting rooms. Proven accounts. North West Ref: NW-417252 EPC-N/A North West Ref: NW-518121 EPC-D North West Ref: NW-518334 EPC-C North West Ref: NW-518056 EPC-C
Llandudno, Conwy Carlisle, Cumbria £525,000 - Long Leasehold £495,000 - Freehold Substantial detached property with 9 en-suite rooms, lounge area, private accommodation & dining area. City centre Bed & Breakfast business with 10 en-suite rooms. 3 bed owner’s accommodation, lounge and Potential to expand. Established t/o. Lifestyle bed & breakfast business with car park & gardens. dining room. Restaurant potential. Proven accounts circa £110k.
North West Ref: NW-518314 EPC-TBC North West Ref: NW-618482 EPC-C
10 Hotel Review Issue 16/01 fleurets.com Hotels
West & South Wales Agent Details Chris Irving Divisional Director T 0117 923 8090 M 07818 412762 St Ives, Cornwall E [email protected] £949,500 - Freehold Town centre, 11 en-suite letting bedrooms, Kevin Conibear presented to superb standard, 0.24 acres, car park. Senior Associate West & South Wales Ref: W-93407 EPC-D T 0117 923 8090 M 07587 638268
Bridport, Dorset Brookthorpe, Gloucestershire OIEO £900,000 - Freehold £750,000 - Freehold 10 bed Georgian hotel, bar/restaurant & car park. 11 letting rooms plus private accommodation, gardens & parking. Very accessible Cotswold location. Gateway to Jurassic Coast. Established business, with further potential dining trade. Car park & gardens. West & South Wales Ref: W-93478 EPC-C West & South Wales Ref: W-93480 EPC-F
SOLD SOLD
Highworth, Wiltshire Parkend, Forest of Dean Coleford, Forest of Dean Dorchester, Dorset OIEO £800,000 – Freehold £550,000 - Freehold £450,000 - Freehold Offers invited - Freehold/Leasehold 10 en-suite letting rooms, bar, restaurant Extremely well presented 6 bed B&B operation 9 en-suite letting rooms, private accom, restaurant Centre of £100m Brewery Square development. enclosed courtyard & car park. with large private accommodation & garden. potential, gardens & car park. Established business. Planning for 48-84 beds, spa & function facilities. West & South Wales Ref: W-93452 EPC-C West & South Wales Ref: W-93528 EPC-D West & South Wales Ref: W-93454 EPC-N/A West & South Wales Ref: W-93262 EPC-E Midlands & North Agent Details Andy Tudor Div. Director (Midlands) T 0121 236 5252 M 07880 702166 Ashbourne, Derbyshire E [email protected] £725,000 - Freehold 12 en-suite letting beds, residents lounge & Simon Cable meeting room. Potential to develop the restaurant. Negotiator (Midlands) Midlands Ref: M-112258 EPC-D T 0121 236 5252 M 07833 590576
Nick Thomas Negotiator (North) T 0113 234 0304 M 07770 672 556 Leyburn, North Yorkshire Kenilworth, Warwickshire £575,000 - Freehold E [email protected] £1,350,000 - Freehold 7 bed guest house in Dales market town. Lounge, Exceptionally presented property of rare quality with 14 well appointed en-suite letting beds & 400 year dining room & 3 bed owner’s accommodation. old character bars. Charming two bed private quarters. North Ref: N-520589 EPC-N/A Midlands Ref: M-112283 EPC-C
SOLD
Snainton, North Yorkshire Scarborough, North Yorkshire Immingham, North Lincolnshire £475,000 - Freehold OIRO £425,000 - Freehold £385,000 - Freehold Georgian coaching inn. 6 en-suite letting beds, Detached well presented B&B. 10 en-suite letting 11 en-suite lett beds, bar/lounge (60), restaurant restaurant (45), tap room & breakfast room. beds, lounge, dining room & bar. (60), conference rm (28) & 4 bed accommodation. North Ref: N-520605 EPC-D North Ref: N-520596 EPC-D North Ref: N-015064 EPC-F
11 Hotel Review Issue 16/01 fleurets.com London North West East Anglia North 4 Roger Street Prospect House First Floor Unit A Magog Court Suite 8b Joseph’s Well London 324 Moston Lane East Hinton Way, Shelford Westgate WC1N 2JX Manchester Cambridge Leeds Greater Manchester Cambridgeshire Yorkshire 020 7280 4700 M40 3HZ CB22 3AD LS3 1AB [email protected] 0161 683 5445 01223 402600 0113 234 0304
[email protected] [email protected] [email protected]
West & South Wales Midlands South Reflections House 2nd Floor, Charles House Heversham House 26 Oakfield Road 148-149 Great Charles Street 20-22 Boundary Road Clifton Queensway Hove Bristol Birmingham East Sussex BS8 2AT B3 3HT BN3 4EF
0117 923 8090 0121 236 5252 01273 429500
[email protected] [email protected] [email protected]
Leisure Property Specialists
Hotel Review
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