Deals Update 2020 Hotel Agency | Deals Update Deals Update | Hotel Agency

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Deals Update 2020 Hotel Agency | Deals Update Deals Update | Hotel Agency HOTELS AGENCY DEALS UPDATE 2020 HOTEL AGENCY | DEALS UPDATE DEALS UPDATE | HOTEL AGENCY UK CORPORATE & LARGER HOTELS Our international platform assists our UK team’s capture of international capital flow. We frequently sell to a diverse profile of international buyers. SOLD SOLD QUY MILL HOTEL & SPA | CAMBRIDGE We successfully disposed of the 51 bedroom hotel and health club on behalf of private clients. The long leasehold asset was sold off an asking price of £5.95m to a regional investment fund. SOLD CELTIC ROYAL HOTEL | CAERNARFON Appointed by the private owner to dispose of this 112 bedroom hotel in a popular North Wales location. The eventual purchaser being the expanding South African company Fairtree Capital, using their own management company Providence Hospitality to HYDRO HOTEL | BOWNESS-ON-WINDERMERE run the hotel. The deal becomes the largest single asset transaction in North Wales in recent years. 78 bedroom Lake District hotel sold, on behalf of administrators FRP Advisory, for an undisclosed amount substantially in excess of the guide price to a Thai investment company with a UK based management company. HOTEL AGENCY | DEALS UPDATE DEALS UPDATE | HOTEL AGENCY PROVINCIAL UK SOLD SOLD SOLD NORTHCOTE | RIBBLE VALLEY RUTHIN CASTLE HOTEL & SPA | THE BRIDGE HOTEL & SPA | Sold in a highly confidential deal to the owners of a popular London hotel with overseas investors. The 25 bedroom hotel is RUTHIN WALSHFORD highly renowned as a restaurant and was sold after inviting substantial offers. Appointed by the private owning company to dispose of 37 bedroom hotel and spa with excellent profit levels sold this established 60 bedroom hotel, set in around 20 acres on behalf of the private owners to Shepherd Cox Hotels with an historic castle ruin. The entire shareholding of the following a highly confidential marketing campaign. owning company was sold to an expanding UK operator. SOLD SOLD SOLD SOLD BEST WESTERN GARDEN COURT | PROJECT CASTLE | SCOTLAND BARTON GRANGE HOTEL | PRESTON BEST WESTERN GLASGOW CITY | AYLESBURY Appointed by the Crerar Hotels Group, we have successfully 51 bedroom hotel in a highly accessible trading location GLASGOW disposed of a total of 5 of the group’s hotels including the 34 sold on behalf of the private owners to a UK buyer with 40 bedroom hotel and health club with global branding. Excellent 52-bedroom city centre hotel sold on behalf of bedroom Scotlands Hotel, Pitlochry; 92 bedroom Ben Wyvis other hotel assets in the area. Sold off market on behalf of QN Hotels to private investors. the private owners to Safestay; an expanding UK serviced Hotel in Strathpeffer and the 83 bedroom Craiglynne Hotel apartment operator. in Grantown-on-Spey. Each asset was sold individually to a range of buyers including UK operators and international investors from Ireland, Thailand and Malaysia. HOTEL AGENCY | DEALS UPDATE DEALS UPDATE | HOTEL AGENCY LONDON We scored an average of 9.8 out of 10 on our 2019 client satisfaction survey relating to service Our strong regional representation enables us to expectations, achieved results and whether our provide global expertise in a local context clients would recommend us. SOLD SOLD SOLD ACQUIRED & MARKET FEASIBILITY PACIFIC HOTEL ADAGIO APARTHOTEL 55 NEWMAN STREET THE ARCH HOTEL LONDON W2 BRENTFORD LONDON W1 LONDON W1 Colliers International sold this 32 bedroom tourist hotel On behalf of a private investor, the long leasehold interest Colliers International sold this freehold former office Colliers International assisted the Staywell Group in close to Paddington station. The hotel has been in the of the hotel was sold for £10.65m which reflected a building just north of Oxford Street in fashionable their first European hotel acquisition with feasibility for same family ownership for around 40 years and was sold net initial yield of 6.64%. The modern 100 bedroom Fitzrovia. It has consent for conversion to a 65,000 sq ft conversion to Staywell’s Prince Akatoki range. to a privately owned London hotel group aparthotel was let on completion to Adagio UK Limited. 100 bedroom 5-star hotel with two full floors of food and beverage facilities. HOTEL AGENCY | DEALS UPDATE DEALS UPDATE | HOTEL AGENCY OTHER MANDATES OPERATOR SELECTION FORWARD FUNDING LEASED PORTFOLIO ASSET MANAGEMENT COURTYARD HOTEL | EXETER PREMIER INN & STAYCITY | PADDINGTON Signed with Marriott for a new Courtyard Hotel at Exeter Chiefs Colliers acted for a private syndicate in securing forward funding Rugby ground, Sandy Park, following an operator selection for the whole development project; and found the tenants for a 369 process. bedroom Premier Inn Hotel and a 241 bedroom StayCity Apart-Hotel and community school; with the price achieved in excess of £200m. PRE AND POST OPENING TENANT SEARCH COVIVIO PORTFOLIO | UK ASSET MANAGEMENT & SELECTION Asset management including performance and CapEx monitoring of the 12 UK assets under a new lease with IHG. 10 assets also to be re-branded including the first Voco and Kimpton brands in the UK. Since the beginning of 2016 we have sold or acquired over 350 UK hotels with an aggregate W ST JAMES HOTEL | EDINBURGH PROPOSED HOTEL | LIVERPOOL 244 bedroom hotel as the centre point of an 850,000 sq ft “urban 272 key, full-service hotel situated in a prime location within value in excess of £2 billion. resort” where Colliers continue to provide pre-opening asset Liverpool’s main commercial hub; with a new tenant sought and management through development to opening in late 2021; with selected as part of the process. post opening asset management to be provided from then on. For further information, please contact: JULIAN TROUP | DIRECTOR Head of UK Hotels Agency +44 7825 891 233 [email protected] COLIN HALL | DIRECTOR Head Of London Hotels Agency +44 207 344 6627 [email protected] PAUL BARRASFORD | DIRECTOR Corporate Hotels Agency +44 207 344 6963 [email protected] ROBERT SMITHSON | SENIOR SURVEYOR Corporate Hotels Agency +44 7825 171652 [email protected] BIRMINGHAM +44 121 265 7500 BRISTOL +44 117 917 2000 EDINBURGH +44 131 240 7500 LEEDS +44 113 200 1800 LONDON +44 20 7935 4499 MANCHESTER +44 161 831 3333 Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. January 2020 Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA..
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