WG Mitchell acquires the Hilton St Helens

12 December 2007

WG Mitchell has acquired the 84-bedroom Hilton St Helens in a deal brokered by Christie + Co.

Christie + Co acted for Hilton Hotels in the sale of the purpose-built property, which is located in one of the North West’s most vibrant towns. In addition to its 84-bedrooms, the hotel also offers a wide range of conference, meeting and banqueting areas, as well as a fully equipped leisure club. It has a strong trading history, with high occupancy levels for both mid-week corporate trade and weekend leisure guests.

A full and open marketing campaign generated high levels of interest and Christie + Co received a number of offers. The deal was agreed with WG Mitchell for a figure in excess of the original guide price.

Christie + Co’s Director of Corporate Hotels, Jeremy Jones, comments: “The sale of the Hilton St Helens Hotel confirms that the market for well located hotels remains strong. We are particularly pleased that our marketing campaign generated substantial, well funded offers and our eventual sale surpassed our initial expectations.

“We wish the purchasers and their operating partners all the best with this exciting new venture.” WG Mitchell has granted a Management Contract to Rezidor SAS to run the hotel under its budget, full-service, Park Inn brand.

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For further information on this press release, please contact: Sarah Pflanz at Christie + Co. Tel: 020 7227 0795. sarah.pflanz@christie.com