The uk regional HOTEL MARKET Key Availability & Transactions
KEY CONTACTS Julian Evans FRICS Head of Hotels & Healthcare T +44 20 7861 1147 julian.evans@knightfrank.com Alex Sturgess MRICS Partner, Head of Hotel Agency T +44 20 7861 1164 alex.sturgess@knightfrank.com Henry Jackson MRICS Partner T +44 20 7861 1085 henry.jackson@knightfrank.com Tom Oakden MRICS Partner T +44 20 3826 0607 tom.oakden@knightfrank.com Kit Abram Surveyor T +44 20 7861 1249 kit.abram@knightfrank.com 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. Alex Macaulay Surveyor T +44 20 3826 0690 alex.macaulay@knightfrank.com Philippa Goldstein Hotel Analyst T +44 20 3826 6066 philippa.goldstein@knightfrank.com Ian Elliott MRICS Partner, Head of Hotel Valuations T +44 20 7861 1082 ian.elliott@knightfrank.com
Hotel Property Specialists Knight 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.
Savill Court Hotel and Spa Bishopsgate, 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. SOLD Q2 2014 Guide Price: 25 million Confidential Instruction Central 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). Guide Price: 19 million ibis Styles Birmingham Airport NEC Bickenhill 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). Guide Price: 17.95 million 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 Guide Price: 14 million
Bovey Castle North 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. Guide Price: 14 million SOLD Q2 2014 Holiday Inn Express, London Croydon 1 Priddy s Yard, Croydon CR0 1TS 156 bedroom hotel with eight conference rooms in the centre of Croydon. Guide Price: 13 million SOLD Q3 2014 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 Guide Price: 10 million Confidential Instruction M4 corridor A well located hotel with potential to increase letting bedroom numbers. The business is profitable with potential to develop further. Guide Price: 10 million
Raithwaite Hotel & Country House Retreat Sandsend Road, Whitby YO21 3ST 81 bedroom full service hotel and spa, set in 70 acres close to the popular coastal town of Sandsend. Guide Price: 10 million SOLD Q1 2016 Wyck Hill House Hotel & Spa Stow-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. Guide Price: 9 million Confidential Instruction Heathrow, Middlesex 50 freehold serviced apartments, approximately two miles from terminals 1,2 and 3 of London Heathrow Airport. Possible branding opportunities. SOLD Q1 2017 Guide Price: 9 million 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. Guide Price: 8.5 million
Old Swan and Minster Mill School Mill, Minster Lovel, Witney, Oxfordshire OX29 0RN 54 bedroom country house hotel between Oxford and Burford, adjacent to the river Windrush. Guide Price: 8.5 million SOLD Q3 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. SOLD Q2 2016 Guide Price: 7.95 million Barnett Hill Hotel Blackheath 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. Guide Price: 7.5 million SOLD Q3 2016 Linthwaite House Hotel Crook 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 Guide Price: 7.5 million
Nailcote Hall Hotel Nailcote 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. Guide Price: 6.95 million Hilton Newbury Centre Pinchington Lane, Newbury, Berkshire RG14 7HL 109 bedroom hotel, located in central Newbury, which will be converted to a Premier Inn. Guide Price: 6.5 million Acquired Q1 2016 Confidential Instruction Wiltshire An attractive country house hotel, comprising 32 en suite letting bedrooms with a luxury spa set in a 27 acres of grounds. Guide Price: 6 million ibis Styles Crewe Crewe 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. Guide Price: 5.95 million
Ramada Encore Chatham Western Ave, Chatham ME4 4NT 90 bedroom purpose built hotel, let to Travelodge located adjacent to Chatham historic dock yard. 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%. Guide Price: 5 million The Rose and Crown 8-10 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. Guide Price: POA Drakes Hotel 43-44 Marine Parade, Brighton BN2 1PE 20 bedroom freehold boutique townhouse hotel, presented to a high standard, over looking Brighton seafront. Guide Price: 4 million
ibis Styles Barnsley Whinby 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. Guide Price: 3.95 million ibis Styles Haydock 4 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. Guide Price: 3.95 million 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. Guide Price: 3.75 million 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. Guide Price: Offers in excess of 3.5 million SOLD Q3 2016
Confidential Instruction Bath 21 bedroom boutique hotel and spa, set in ten acres of award winning grounds. Guide Price: 2.5 million Best Western Hotel Royale 16 Gervis Road, Bournemouth, Dorset BH1 3EQ 64 bedroom hotel with a bar, restaurant, conference and leisure facilities and approximately 60 car parking spaces. Guide Price: Offers in excess of 2 million SOLD Q3 2015 Pengathley Manor Peterstow, Ross on Wye, Herefordshire HR9 6LL 20 en suite letting bedrooms, extensive conference and training facilities with potential to increase accommodation. Guide Price: 1.25 million sold Q1 2016 A taste of London The Gainsborough Hotel 7-11 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. Guide Price: 29.5 million
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 @KnightFrank KnightFrank.co.uk/hotels