Six Park Inn By Radisson hotels, which are situated in busy, regional trading markets across the UK, have come to market through Christie & Co, with a £50m price tag.
Available on a whole, sub group or individual basis, option to be free of the current Park Inn branding and management of Carlson Rezidor, the properties are located in prominent and high profile trading locations in town centres and/or along major motorway and transport links.
The six properties include:
Park Inn By Radisson, Bedford, Bedfordshire (pictured)
Park Inn By Radisson, Birmingham West, West Midlands
Park Inn By Radisson, Cardiff North, Cardiff
Park Inn By Radisson, Harlow, Essex
Park Inn By Radisson, Nottingham, East Midlands
Park Inn By Radisson, Telford, Shropshire
With an average of 144 guest bedrooms, each hotel offers a wide range of conference, banqueting and leisure facilities. In addition there is a range of value enhancement and rebranding opportunities for the new owners.
Reflecting the much improved regional hotel trading market, there has been an 11% growth in consolidated turnover during the last 3 years and 18% growth in RevPAR.
Jeremy Jones, Head of Brokerage - Hotels at Christie & Co, commented, “The availability of these hotels in key trading markets offers an opportunity to acquire approximately 865 bedrooms perfect for further selective investment and repositioning.
'We anticipate the properties will appeal to a wide range of buyers: from those seeking to purchase a one-off property to a wider global group looking to expand their current portfolio. The prospect of securing these hotels will also appeal to the growing number of international investors attracted to the UK.”