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Full-service hotel

Cheltenham, United KingdomUnlock address

80%

£17.000.000

Hotels & Resorts

#14489

Core+

2 Feb 2024

Property Details

Broker

Under offer

148

114,864

Freehold

Management

Bar, lounge, restaurant, health club

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

The hotel is located about three miles to the south east of the centre of Cheltenham, a large spa town on the edge of the Cotswolds. The hotel provides prospective purchasers with an excellent opportunity to acquire a strongly performing hotel with the opportunity for further investment to enhance its trading performance. This attractive full-service grade II listed hotel comprises. 148 en suite bedrooms. It was originally a manor house built around 1848. The property has been subsequently converted into a hotel and substantially extended, believed to be in the 1980s, with the creation of a bedroom wing, leisure facilities, substantial restaurant and function facilities. The manor house element of the property is arranged over lower ground, ground and two upper floors. The hotel’s reception area is accessed through the manor house’s original entrance and is in the property’s original entrance hall. Accordingly, it is a spacious area that benefits from original Victorian architectural features. To the rear of the reception are doors through to the hotel’s attractive bar and the Garden Room is also accessed directly from this area. There are stairs leading to two upper floors of bedrooms and to the lower ground floor area, which comprises a further bar area, the Park Suite and Lakeside Restaurant.