The uk regional · breadth of services; from sales and acquisitions to valuations and development....

The

uk regionalhoTel MarkeT

Key Availability & Transactions

Q2 2017

The experience held by our core team of uk based specialists covers the entire spectrum of hotel genres, from branded to independent to lifestyle and country houses.

Julian Evans FRICS Head of Hotels & HealthcareT +44 20 7861 [email protected]

Ian Elliott MRICS Partner, Head of Hotel ValuationsT +44 20 7861 [email protected]

Alex Sturgess MRICSPartner, Head of Hotel Agency T +44 20 7861 [email protected]

Henry Jackson MRICSPartnerT +44 20 7861 [email protected]

Kit AbramSurveyorT +44 20 7861 [email protected]

Philippa GoldsteinHotel AnalystT +44 20 3826 [email protected]

Alex MacaulaySurveyorT +44 20 3826 [email protected]

Tom Oakden MRICS PartnerT +44 20 3826 [email protected]

keY ConTaCTS

hoTel ProPerTY SPeCialiSTSKnight Frank’s dedicated hotel division established itself as an independent department in 1952. It has since developed into a market leader in this specialist sector, and has unrivalled access to national and international capital flows and hotel specific market intelligence through the firm’s global network.

The experience held by our core team of UK based specialists covers the entire spectrum of hotel genres, from branded to independent to lifestyle and country houses.

Our team is reputed for the trusted relationships we build with clients, offering the full breadth of services; from sales and acquisitions to valuations and development.

The following document provides an overview of key recent transactions that have taken place in the UK regional hotel market and assets currently available through Knight Frank.

A separate publication detailing key availability and transactions in London is available on request.

Key Availability & Transactions Q2 2017

Savill Court Hotel and SpaBishopsgate, Windsor Great Park, Surrey TW20 0XN

Four star country house hotel with 141 bedrooms and significant conference and banqueting space set within 22 acres, 25 miles from Central London.

Role: Selling agentGuide Price: £25 million

Confidential InstructionCentral Bath

A highly profitable, unbranded hotel with in excess of 60 letting bedrooms and potential to add an additional 22 bedrooms (subject to obtaining the necessary consents).


AVAILABLE

SOLD Q2 2014

Kingston Hotel Skerne Road, Kingston-Upon-Thames, Surrey

An opportunity to purchase the long leasehold (995 years) interest in a shell and core 142 bedroom hotel located within the town centre of Kingston-upon-Thames.


SOLD Q3 2015

ibis Styles Birmingham Airport NECBickenhill Lane, Marston Green, Birmingham B40 1PJ

166 bedroom purpose built hotel with six conference suites, a bar, restaurant and 170 car parking spaces located east of Birmingham city centre and close to Birmingham Airport, Birmingham International railway station and the National Exhibition Centre (NEC).

Role: Selling agentGuide Price: £17.95 millionAVAILABLE


Bovey CastleNorth Bovey, Dartmoor National Park, Devon TQ13 8RE

64 bedroom hotel with 14 lodges and an 18 hole golf course, set in a 275 acre private estate.


SOLD Q2 2014

Holiday Inn Express, London Croydon1 Priddy’s Yard, Croydon CR0 1TS

156 bedroom hotel with eight conference rooms in the centre of Croydon.


SOLD Q3 2014

Confidential Instruction M4 corridor

A well located hotel with potential to increase letting bedroom numbers. The business is profitable with potential to develop further.


AVAILABLE

Brocket Hall Welwyn, Hertfordshire AL8 7XG

Exclusive event venue and estate comprising 46 bedrooms set within 543 acres with two championship golf courses and award winning restaurant, 22 miles from central London.


SOLD Q1 2016

Confidential InstructionHeathrow, Middlesex

50 freehold serviced apartments, approximately two miles from terminals 1,2 and 3 of London Heathrow Airport. Possible branding opportunities.


SOLD Q1 2017

Wyck Hill House Hotel & SpaStow-on-the-Wold, Gloucestershire GL54 1HY

60 bedroom four star country house hotel and spa, set within 50 acres near the market town of Stow-on-the-Wold.


AVAILABLE

The Crown Hotel Crown Place, Harrogate, North Yorkshire HG1 2RZ

115 bedroom freehold hotel with extensive function and conference facilities with restaurant in the centre of Harrogate.

Role: Selling agentGuide Price: £8.5 million

AVAILABLE

Raithwaite Hotel & Country House RetreatSandsend Road, Whitby YO21 3ST

81 bedroom full service hotel and spa, set in 70 acres close to the popular coastal town of Sandsend.


SOLD Q1 2016


St Michael’s Manor Hotel Fishpool Street, St Albans, Hertfordshire AL3 4R7

An individual freehold hotel with 30 high quality bedrooms and suites, conference and wedding facilities and an award winning restaurant set within attractive and extensive grounds in a city centre location.

Role: Selling agentGuide Price: £7.95 million SOLD Q2 2016

Old Swan and Minster MillSchool Mill, Minster Lovel, Witney, Oxfordshire OX29 0RN

54 bedroom country house hotel between Oxford and Burford, adjacent to the river Windrush.


SOLD Q3 2016

Barnett Hill HotelBlackheath Lane, Wonersh, Guildford, Surrey GU5 0RF

54 bedroom hotel set within 26 acres of private gardens and woodlands and 1.5 miles from Guildford centre.


SOLD Q3 2016


Linthwaite House HotelCrook Road, Windermere, Cumbria LA23 3JA

30 bedroom hotel in the core of the Lake District, set within 14 acres of land. Planning permission has been granted for nine lodges which could expand the business.


SOLD Q1 2016

Hilton Newbury CentrePinchington Lane, Newbury, Berkshire RG14 7HL

109 bedroom hotel, located in central Newbury, which will be converted to a Premier Inn.


ACquIRED Q1 2016

ibis Styles CreweCrewe Business Park, Electra Way, Crewe, Cheshire CW1 6BD

Purpose built hotel with 112 bedrooms, five meeting rooms, a bar, restaurant and 112 car parking spaces situated close to the centre of Crewe.


AVAILABLE

Nailcote Hall HotelNailcote Lane, Berkswell, Coventry CV7 7DE

A 49 en suite bedroom country house hotel with extensive conference and leisure facilities, including a nine hole golf course set in 13.5 acres.


AVAILABLE


Confidential InstructionWiltshire

An attractive country house hotel, comprising 32 en suite letting bedrooms with a luxury spa set in a 27 acres of grounds.


AVAILABLE

Ramada Encore Chatham Western Ave, Chatham ME4 4NT

90 bedroom purpose built hotel, let to Travelodge located adjacent to Chatham historic dock yard.

Role: Selling agent Guide Price: £5.1 million

SOLD Q3 2015

Confidential Instruction Midlands

Two ibis Red hotels comprising 103 bedrooms in central locations, providing an investor with a net initial yield of approximately 10%.


AVAILABLE


The Rose and Crown8-10 Old Church Road, Snettisham King’s Lynn, Norfolk PE31 7LX

A hugely popular, quintessentially English village inn, with a strong drinking trade, busy food operation and 16 en suite bedrooms.

Role: Selling agentGuide Price: POA

AVAILABLE

Drakes Hotel43-44 Marine Parade, Brighton BN2 1PE

20 bedroom freehold boutique townhouse hotel, presented to a high standard, over looking Brighton seafront.


AVAILABLE

The Lambert Arms Aston Rowant, Near Thame, Watlington, Oxfordshire OX49 5SQ

44 bedroom coaching inn situated in Oxfordshire, with a two AA Rosette Award restaurant.


SOLD Q3 2015

Murrayshall House Hotel & Golf Courses Scone, Perth, Perth and Kinross PH2 7PH

41 bedroom, four star hotel set in a 350 acre estate with two golf courses.

Role: Selling agentGuide Price: Offers in excess of £3.5 million

SOLD Q3 2016


ibis Styles BarnsleyWhinby Road, Barnsley S75 3LF

117 bedroom purpose built hotel with four meeting rooms, a bar, restaurant and 120 car parking spaces located to the west of Barnsley.


AVAILABLE

ibis Styles Haydock4 Galway Crescent, Haydock, St Helens, Merseyside WA11 0GR

102 purpose built bedrooms, four meeting rooms, a bar, restaurant and 120 car parking spaces located just off to the M6 Motorway.


AVAILABLE

Best Western Hotel Royale16 Gervis Road, Bournemouth, Dorset BH1 3EQ

64 bedroom hotel with a bar, restaurant, conference and leisure facilities and approximately 60 car parking spaces.

Role: Selling agentGuide Price: Offers in excess of £2 million

SOLD Q3 2015

A taste of London

Pengathley ManorPeterstow, Ross on Wye, Herefordshire HR9 6LL

20 en suite letting bedrooms, extensive conference and training facilities with potential to increase accommodation.


SOLD Q1 2016

The Gainsborough Hotel7-11 Queensbury Place, London SW7 2DL

47 bedroom hotel with extensive conference and office areas with potential to develop into further letting bedrooms. The hotel is situated within a two minute walk from South Kensington London Underground station.

Role: Selling agentGuide Price: £29.5 millionAVAILABLE


Confidential Instruction Bath

21 bedroom boutique hotel and spa, set in ten acres of award winning grounds.


AVAILABLE

A partnership approach

With over 110 years’ of experience, Knight Frank is the world’s leading, independent real estate consultancy.

Through our alliance with US based Newmark Grubb Knight Frank, our global network extends across over 330 offices in 48 countries and we have more than 12,500 professionals handling in excess of US$800 billion (£500 million) worth of prime commercial, residential and agricultural real estate per annum.

Working with private individuals, developers, investors, banks, corporate occupiers and public sector bodies, we provide a range of agency, investment, property management and professional consultancy services, which are supported by our dedicated market research teams.

IMPORTANT NOTICE 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (‘’information’’) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos, CGI images etc: The photographs and CGI images show only certain parts of the proposed property as detailed in the planning application, areas, measurements and distances given are approximate only. 3. Regulations, etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Photographs dated: 2011-2017. Particulars dated: May 2017. Knight Frank LLP

55 Baker Street London W1U 8AN

@KnightFrankKnightFrank.co.uk/hotels

The uk regional · breadth of services; from sales and acquisitions to valuations and development....

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