60 Bedroom Hotel with Additional Conference And Function Rooms For Sale

Business description

60 Bedroom Hotel with Additional Conference/Function Rooms & Restaurant
Town Centre

This well established and reputable hotel has been a landmark in the town centre it serves so well for over 100 years. The service and accommodation levels guests receive from the staff at the hotel ensures it has very good occupancy rates all year round.

Being part of a privately held hotel group, this hotel and venue has the flexibility of tailoring any functions to the guests needs and not making the guest tailor their needs to the hotel. As well as being used for its core overnight accommodation business the hotel is also one of the town’s most popular venue for Weddings, Conferences, Birthday Celebrations and Christenings – well almost any type of celebrations there is.

Located in a select square just off one of the town centre’s main thoroughfares the hotel is ideally located for all visitors. The Georgian Exterior conceals a hotel with much to offer to both business and leisure guests. The conference and function suites are supplemented by a number of smaller meeting rooms; whilst the restaurant provides first class food, fine wine and attentive service in relaxing surroundings. Within a few minutes’ walk are the mainline railway station, the coach station, the town’s main shopping areas, the town centre square and the main bars, restaurants and theatres of the town. There is also a paying car park to the rear of the hotel.

Conference Facilities:

The hotel offers the perfect choice for conferences, events and meetings. The hotel is situated in the centre of the town, which is accessible from the M60, M61 or M62 as well as being near to both the train and coach stations which makes this venue ideal as a central meeting point.
The hotel boasts three large meeting rooms along with an additional three syndicate/ boardrooms. The hotel offers day delegate packages and a very competitive 24- hour package with an appointed Conference Co-ordinator to ensure client’s meetings run smoothly. This can include everything from the day delegate rate plus overnight accommodation, 3 course dinner in the restaurant and a full English breakfast.

This turnkey business opportunity will undoubtedly appeal to a wide section of investors and entrepreneurs and offers a solid platform for a new operator to develop further from.

Equipment:

The business owns and maintains a variety of equipment and inventory, necessary in the daily operation of the business including the Guestmaster online booking software program. It is expected that all such inventory will be included in a successful sales package.

Key Strengths:

The key strength of this hotel is its central location, the building itself, it’s infrastructure and reputation and the fact that there is very limited competition in the town. This ensures it is the desired accommodation for visitors to the town.

Key Opportunities:

A new owner could choose to redevelop the hotel to offer circa 80 bedrooms if they no longer wished to provide the conference and function facilities.

Property information

Property:

Leasehold

Lease terms:

Annual rent is circa £184,000. Rates and water are circa £39000 p.a. A new lease would be made available to a new owner subject to negotiation. The vendor MAY consider selling the freehold (circa £3Million).

Living accommodation:

60 en-suite bedrooms provide a range of comfortable accommodation, including family rooms and Junior Suites. The rooms are individual and decorated to high standard, providing guests with a nice comfortable room to relax in. In all rooms as standard the following amenities are provided: • Bath and/or Shower • Full size Iron and Ironing Board • Remote control Colour Television • Hair Dryer • Toiletries • Tea and Coffee Facility Junior Suites – including a Four Poster Suite. These rooms are large rooms and are also decorated to high standards. Some suites have a separate lounge area leaving customers with a very comfortable room to relax in. The Bridal Suite is ideal for honeymooners or even for a romantic night away from home. The hotel offers a honeymoon package which includes flowers, chocolates and champagne.

Location:

The premises themselves are in very good condition with many original features making this building a true character property. The rooms are laid out over 2 storeys and the hotel has an impressive lobby and central staircase.

Annual rent is circa £184,000. Rates and water are circa £39000 p.a. A new lease would be made available to a new owner subject to negotiation. The vendor MAY consider selling the freehold (circa £3Million).

Other information

Competition / Market:

The hotel produces various brochures and flyers to advertise events. It has also developed an Internet website with online booking facility.

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling:

Health reasons