Hillcrest Hotel For Sale

Business description

A modern 3-star hotel within a busy commercial catchment area. 50 en suite letting bedrooms with large, flexible conferencing facilities. Strong local following and regular, repeat corporate business. Turnover £1,073,861(net of VAT) Y/E 31 December 2007. Within striking distance of both Liverpool and Manchester, the Hillcrest Hotel, Widnes is a purpose built, detached property with 50 well presented en-suite bedrooms and a range of conference facilities including the Trafalgar Suite for 150, one of the largest in the area. Destroyed by fire almost 22 years ago, the hotel has been sympathetically re-built with particular attention paid to the bar and restaurant which have a very special charm, unusual for a new build hotel. These attributes have resulted in a strong corporate commercial business Monday to Thursday with weekends sold out during the spring and summer season for weddings and theme packages offered out of season. This well planned business strategy has resulted in a lucrative year-round trade with much repeat business. Easily accessible from the M56, M57, M62 & M6, and just over 10 miles from Liverpool - the UK’s sixth largest city - the Hillcrest Hotel, Widnes is ideally placed to benefit from a wide catchment area of some 225,000 businesses and local residents alike (1.8 million people within 30 minutes). With two international airports, excellent road and rail connections and world renowned trans-global sea trade, Liverpool and the surrounding area benefit from excellent communications. Liverpool is due to be the European Capital of Culture in 2008. Expected to generate an extra 14,000 jobs as well as upwards of £2billion worth of investment and further 1.7million visitors to the area, this is widely recognised as having the power to transform a city’s image. Added to this, £3 billion (4.8 billion euro) of construction projects are planned throughout the city region over the next 5 years - in retail, office, leisure, schools and hospitals, Liverpool is truly undergoing a renaissance. The property has an excellent reputation within its locality ensuring strong year-round custom supplementing its already consistent business trade during the week. With such an outstanding location & reputation it is perhaps not surprising that the hotel has been such a consistent performer over the past 5 years. The sale of The Hillcrest Hotel is an excellent opportunity to acquire a modern purpose built unit with potential to increase trading performance.

THE PROPERTY
A large detached property standing within its own extensive car parking, the Hillcrest Hotel is of largely brick construction on ground, first and part second floor levels under mansard and flat roofs.

PUBLIC AREAS
Access from the car park via a flight of stone stairs and through a revolving door into the main reception area with seating for around 17, reception counter and desk behind. A set of double doors lead into the Nelson Bar, a large public bar capable of seating around 70 with an attractive bar servery, heavily beamed ceilings and fire place. Palms Bar seating about 25 with copper topped bar servery featuring a built in baby grand piano. Stairs down into Palms Restaurant seating around 90 (although more can be accommodated for dinner dances) with its own carvery and buffet servery. The hotel has extensive conferencing facilities as outlined below: Room Name Theatre Trafalgar 150 Victory 60 Hamilton 25

LETTING BEDROOMS
50 letting bedrooms to sleep up to 98 (12 singles, 12 executive doubles, 5 suites, 6 twin/family rooms, 15 standard doubles). All but one of the rooms are en-suite with bath and shower with 1 room shower only. All rooms have central heating radiators, direct dial telephone, colour television, tea/coffee facilities, trouser press and hair dryer.

STAFF ACCOMMODATION
One single room is reserved for the duty manager.

SERVICE AREAS
Modern stainless steel commercial kitchen with separate still/preparation area, walk-in fridge and freezer, separate pot wash and dry stores. Staff rest room, service lift to first floor function kitchen. A 4 person lift serving both upper floors. Large ‘on premises’ launderette

OUTSIDE
The hotel has extensive frontage to Cronton Lane and occupies a substantial site given mainly to car parking.

LOCAL AUTHORITY AND SERVICES
Halton Borough Council, Mains gas, electricity, water and drainage, Gas fired central heating.

LICENCE
Premises Licence. Civil Marriage Licence (Palms Restaurant, Hamilton, Victory and Trafalgar Suites).

2008 LISTINGS
AA 3 Star 62%

TRADE
The Hillcrest Hotel benefits from a strong standing local trade. This is true both of the very attractive Nelson Bar and Palms Restaurant and also of the hotel’s accommodation which attracts trade across a broad range of local firms and institutions and from as far away as Liverpool. Other attractions such as the newly established Gulliver’s World, ‘Creamfields’, Chester and the Beatles Connection in Liverpool also benefit the business. Management Accounts for the year ended 31st December 2006 confirm a turnover of £1,073,861(net of VAT). Copies of the past 5 years management accounts will be made available to bona fide interested parties only on receipt of a signed Confidentiality Agreement.

PRICE
Offers are invited in the region of £2,800,000 for the freehold property complete with goodwill and trade contents according to inventory. Stock at valuation.

FINANCE
Should purchasers wish to discuss any aspect of financing the acquisition of this, or other hotels, then Colliers Robert Barry will be pleased to refer them to an independent brokerage specialising in hotels and licensed premises.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold