Hampton by Hilton hotels on the market following administration

Wed, 26 Oct 2011 | BUSINESS SALE

Following the administration of owner Osborn Securities (Hotels), a trio of Hampton by Hilton hotels have been put up for sale.

The ‘premier budget’ hotels are currently operated under long-term management agreements with hotel giant Hilton under the Hampton by Hilton brand.

In total, the brand operates eight hotels in the UK, with another 12 expected to be opened over the coming 12 to 18 months.

The three hotels for sale include one in Braintree, which comprises 76 bedrooms, one in Shrewsbury with 75 bedrooms and one in Birmingham with 90 bedrooms.

They can be purchased either individually or as a group or sub-group, according to CBRE Hotels, which is marketing the three hotels for sale on behalf of the administrators.

CBRE’s Daniel Woodcock told Caterer Search, “The weak appetite within the debt markets means the challenges and costs involved in order to develop a product of this specification would be higher than the guide price on these hotels.

“This, coupled with Hilton's substantial growth plans for the Hampton by Hilton brand, creates the ideal opportunity for an investor to buy at the perfect time in the property cycle and enjoy excellent returns going forward", Mr Woodcock added.


Share this article



Latest Businesses for Sale

Outsourced HR Solutions for SMEs
UK Wide

This is an opportunity to acquire a full-service HR consultancy. Built upon a recurring revenue model the business has enjoyed sustained growth, offers significant opportunities to scale and a strong ROI model. Offers invited.

Asking Price: Offers Invited
Turnover: £600,000

Builders Merchant: Hard Landscaping Specialist
Cheshire, North West, UK

In its second generation, this business has supplied hard landscape materials, fencing and other building materials to the trade and individuals for over 40 years. Whether you're re-laying a small path or creating a jaw dropping driveway, this busine...

Asking Price: Offers Invited
Turnover: £683,000

FREEHOLD


Three Branded Fast Food Outlets
Northern Ireland, Northern Ireland, UK

Assets and goodwill of 3 national fast food outlets of a well-known brand. (May be sold in totality or in lots to suit). Opportunity for purchaser to acquire 3 profitable fast food outlet businesses which will require minimal training upon handover a...

Asking Price: £240,000
Turnover: £701,979

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
Aug
 

Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION

Faraday Grid, an Edinburgh-headquartered energy transformer ...

 
22
 
Aug
 

Welsh technology firm plunges into administration | ADMINISTRATION

Thought to be one of the country’s leading ICT supplie...

 
21
 
Aug
 

Solicitors Title LLP buys Somerset law firm in pre-pack administration | ADMINISTRATION

Somerset-based law firm, Broomhead & Saul LLP, has been save...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources