Christie + Co has been appointed to market the 4-star Crowne Plaza, London Ealing (above) and Holiday Inn, Bromsgrove (below) hotels. Both hotels operate under leading global franchise agreements with InterContinental Hotels Group.
With the current scarcity of London hotel opportunities, the availability of the 131-bedroom freehold Crowne Plaza, Ealing provides an excellent opportunity for either an established London hotelier or a new entrant to the market, looking for high quality investment opportunities in the capital.
The Holiday Inn Bromsgrove, with 110 rooms, presents an equally good opportunity to acquire a well-invested, purpose built hotel with extensive leisure, meeting and conference facilities.
David Creamore, Director of London Hotels for Christie + Co, says: “Off the back of recent London hotel sales in 2013, we anticipate the capital’s growing demand for such investments and lack of supply will result in a huge response.”
Gavin Wright – Director of Hotels in Christie + Co’s Birmingham office, adds: “Opportunities such as the Holiday Inn Bromsgrove are limited. Situated in the busy Midlands hotel market, close to the main motorway network, this high profile hotel is certain to generate significant interest.”
Christie + Co has placed an asking price of £16.5 million on the Crowne Plaza, Ealing and £3.95 million on the Holiday Inn, Bromsgrove.