Buyers are returning to Britain’s buzzing hotels market in search of some Autumn bargains, according to sector specialists at Colliers International. Hotel transactions have risen 28% in the last year as the market shakes off the effects of the Olympic ‘summer that never was’.
But potential owners have been warned not to miss out as properties – and prices – begin to move forward once again. Colliers International hotels director Simon Wells said: “Viewing rates have soared and buyers are finding that properties are much less likely to sit on the market and that they need to get cracking.
“We are seeing strong demand from private and corporate buyers looking to invest in quality assets and locations across the South West. Enquiries have been strong all year but we always see a peak at this time of year as people return from their holidays full of enthusiasm. This summer’s hot weather has created a real buzz in the hotels’ market.”
Sales at either end of the hotel spectrum
Colliers has brokered two key sales in the South West at either end of the hotel spectrum – and there are more on the way proving the sudden surge in demand is no summer flash in the pan.
Colliers are also marketing the North Cliff Hotel (pictured above) just along the cliffs in Lynton; and the 17th Century grade II listed Lifton Hall Hotel in nearby Lifton, Devon.
For details, contact Simon Wells, hotels director, Colliers International, Bristol on 0117 917 2000.