Wed, 27 Nov 2013 | BUSINESS SALE
The Grand Hotel in Brighton has been put on the market for £50 million, though the sale won’t be rushed the De Vere Group says.
The hotel will continue to trade as normal for the duration of the marketing and eventual sale process.
Its owners the De Vere Group spent over £7 million on refurbishments after the hotel was targeted by an IRA bomb during the Conservative Party conference in 1984, in an attempt to assassinate former Prime Minister Margaret Thatcher. The renewed hotel features a new spa (which opened this year), new restaurant and refreshed bedrooms and bar.
Christie and Co has been brought in to run the sale of the famous hotel, as the hotel sector enjoys a lift in activity.
Built in 1864, The Grand is one of 1,200 listed buildings in Brighton. The five-star hotel has 201 rooms and sits on the seafront. A deluxe king-sized room will cost £225 a night.
The De Vere Group has owned the hotel for over 20 years and is now looking to sell after having increased competition from the likes of newer branded hotels in the area, such as Hotel du Vin and Drakes.
The sale has already attracted strong levels of interest. A spokesman for the De Vere Group chief executive said: “We will not rush the sell the hotel. We will take our time and get the best deal.”
____________________________________________________________________________
Related information:
Leisure businesses for sale
Read more about buying a business
This established and ready-to-scale e-commerce furniture business offers unique design-led mid-market products and boasts strong relationships with major UK retailers.
This is a rare chance to acquire a thriving Italian restaurant in a prime Liverpool city centre location, known for its authentic cuisine and warm atmosphere that keeps customers returning.
LEASEHOLD
Presenting an opportunity to acquire an established East Midlands furniture manufacturer with a strong sector presence and a comprehensive suite of woodworking and manufacturing capabilities.
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.