Hotels - Recent Activity
Park Inn Hyde Park
Acting on behalf of Gresham Hotel Group, Christie + Co has sold the Park Inn Hyde Park, London, for an undisclosed sum, with offers in excess of £35 million sought.
Seabank Hotel, Wales
Acting on behalf of Park Hill Hotels & Leisure Ltd, Christie + Co sold the freehold of the Seabank Hotel in Mid-Glamorgan, Wales, to Leisureplex Ltd, the UK’s largest coach holiday company, for an undisclosed sum.
New Northumbria Hotel, Newcastle-upon-Tyne
Acting on behalf of a private individual, Christie + Co acquired the New Northumbria Hotel near Newcastle-upon-Tyne, which was formerly owned by WG Mitchell, from Administrators Ernst & Young, for an undisclosed sum.
East Midlands Airport Hotel
Acting as an advisor to Manchester Airport Group, Christie + Co secured Azure Properties, the hotel investment group, to operate an upscale full-service hotel, which is to be developed at East Midlands Airport.
Stansted Manor Hotel, Essex
Acting on behalf of Compass Hotels Limited, Christie + Co negotiated a management lease to Travelodge on the Best Western Stansted Manor Hotel in Essex. The budget hotel operator has entered into a 25-year lease agreement to operate the 70-bedroom hotel, which will now undergo a full Travelodge conversion.
Park Central Hotel, Bournemouth
Acting on behalf of a private owner, Christie + Co sold the freehold of the Park Central Hotel, Bournemouth, to award-winning operator Heritage Properties & Hotels, for an undisclosed sum in the region of £4 million.
Park Inn Freehold
Acting on behalf of F.L Taylor, C.P Dempster and A.J Davison of Ernst & Young, Joint Administrators for W G Mitchell (Guernsey) No.10 Limited, Christie + Co sold the Park Inn London, Russell Square to Crimson Hotels Group, the independently-owned UK based hotel company, for an undisclosed sum.
Sale of The Quality Hotel, Loughborough
Acting on behalf of private clients, Christie + Co sold the freehold interest of the ex-Quality Hotel in Loughborough, Leicestershire, to the University of Loughborough, for an undisclosed sum.
Lord Milner Hotel Central London
Acting on behalf of Finisterre Holdings (PTY) Limited, Christie + Co sold the leasehold interest of the Lord Milner Hotel, the five-star boutique hotel in Central London, to Adrian Gardiner, owner of the Mantis Group, for an undisclosed sum.
Marciano Lafayette Hotel, Paris
Acting on behalf of a private individual, Christie + Co sold the freehold interest of the Marciano Lafayette Hotel in Paris to Holiday Villa Hotels and Resorts, the leading Malaysian hotel chain, for an undisclosed sum, off an asking price of €6 million.
Sale of The Imperial Hotel
Acting on behalf of a fund managed by F&C Reit Asset Management, Christie + Co sold the freehold interest of the Imperial Hotel in Newcastle-upon-Tyne, to the 16-strong Cairn Hotel Group, the family-run hotel company, for an undisclosed sum.
Royal Rainbow Apartments
Acting on behalf of Mark Reuben, Christie + Co sold the leasehold interest of the Royal Garden Apartments in the centre of Edinburgh, to Blue Rainbow Apartments, the privately-owned, Manchester-based aparthotel company, for an undisclosed sum.
Sale of The Liddington
Acting on behalf of administrators David Matthews and Nigel Morrison of Grant Thornton UK LLP. Christie + Co has sold the Liddington hotel.
Heathlands Hotel, Bournemouth
Acting on behalf of Joint Administrators Andy Beckingham and Matthew Chadwick of BDO Stoy Hayward LLP, Christie + Co sold the Heathlands Hotel in Bournemouth, to Britannia Hotels for an undisclosed sum, taking its hotel portfolio to 34 properties.
Sale of a hotel development site in Gillingham
Acting on behalf of Berkeley First, Christie + Co has sold a hotel development site in Gillingham, Kent, to Geminex Hotels & Leisure for an undisclosed sum. The proposed hotel will comprise approximately 120 bedrooms and will be operated as an Ibis hotel under a franchise agreement with Accor.
It will be positioned at the entrance to Berkeley First’s Victory Pier flagship scheme, which will include 800 private homes, 600 student residences, restaurants, bars, a supermarket, gym, crèche and offices.
Quality Hotel Glasgow
Acting on behalf of landlord Coopervale Limited, Christie + Co sold the long leasehold interest in one of Scotland’s best known hotels, the Quality Hotel Glasgow, to Principal Hayley Hotels and Conference Venues, for an undisclosed sum.
Oakley Court, Windsor
Advised by Christie + Co, the private owners of Oakley Court signed a joint venture with Principal Hayley Group, which will see the leading hotel and conference venue operator, run the renowned country house hotel on the outskirts of Windsor.For more information call Jeremy Jones or Sebastian Meredith on 0207 227 0700
Matfen Hall, Northumberland
Advised by Christie + Co, Sir Hugh and Anna Blackett awarded a management contract to Prima Hotels, the luxury hotel company, to operate the award-winning Matfen Hall Hotel, Golf and Spa Resort in Northumberland.
