Acting on behalf of Avid Asset Management Ltd, Christie + Co has been retained as exclusive adviser to sell the highly profitable Holiday Inn Nottingham.
Situated next to the Castle Marina Business Park and within a short walk of Nottingham’s bustling city centre, the purpose built hotel comprises 128 en suite bedrooms and is available with the benefit of a franchise agreement with IHG.
In close proximity to the NG2 Business Park, Bio City and Nottingham University, the hotel is perfectly positioned for the business traveller. The detached four storey property offers three naturally lit, air conditioned meeting rooms accommodating up to 40 delegates. Other facilities include Eaton’s Bar & Eaton’s Brasserie and Terrace, a small gymnasium and a car park for 113 vehicles.
Jeremy Jones, Director at Christie + Co, says: “The hotel has maintained a strong level of profitability throughout the economic downturn and represents a highly attractive opportunity for an investor seeking to capitalise on the resurgent provincial UK hotel market”.
Offers in excess of £7,500,000 for the freehold interest are invited, based on either an asset or share sale of the Special Purpose Vehicle which holds the property.
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