Luxury hotel up for sale

Thu, 06 Sep 2018 | BUSINESS SALE

A luxurious four-star boutique hotel in Cambridge is up for sale for the first time ever.

The freehold of Hotel Felix, located just off Huntingdon Road in the city, has been put up on the market by business property adviser Christie & Co. in conjunction with property consultants Knight Frank LLP for a staggering £8.5 million.

Known for “consistently [achieving] high occupancy and levels of trade from a strong corporate and leisure base,” Hotel Felix boasts 52 guest bedrooms, four function rooms that serve a number of purposes, three dining facilities including the Orangery and the 2 AA Rosette Graffiti Restaurant, spacious gardens and a gazebo.

The property blends traditional Victorian architecture with contemporary designs and was fully refurbished in 2002. This year, consent to build a further 16 bedrooms and a newly-renovated foyer was granted, which is hoped will continue after the sale.

Current owners, Jeremy and Vivien Cassel of Cassel Hotels initially set up the business, but believe it is time to move on to another venture.

Head of Brokerage at Christie & Co., Jeremy Jones said: “The Hotel Felix represents a unique opportunity for an investor to acquire a substantial, unencumbered freehold hotel in Cambridge, one of the most sought-after hotel markets in the UK.

“With significant asset management and value enhancement options, we anticipate a strong level of interest from domestic and international purchasers.”

Henry Jackson of Knight Frank hopes that the new buyer will “drive the business forward.”

Conveniently situated close to the A14 and M11 motorways, as well as the train station with direct train service to London King’s Cross, Hotel Felix has proved popular for weddings, events, meetings or simply those looking for a weekend away.

The hotel is available with no third-party management for offers and 100 per cent of the company’s issued share capital.

For more news stories about commercial properties click here. For all our commercial property listings, click here.


Share this article



Latest Businesses for Sale

Contemporary Bar & Bistro
Lancashire, UK Wide

The business for sale is a highly contemporary bar and bistro serving an array of high quality, locally sourced and freshly prepared food and drinks with a great environment. Great reputation in the area for food and live music. Has built up a reliab...

Asking Price: £99,950
Turnover: £450,000

LEASEHOLD


Modern Restaurant & Cocktail Bar
Penarth, Wales, UK

Fantastic local reputation. Large, loyal customer base. Brilliant location. Spacious, well- equipped premises. Recently refurbished. The business for sale is a popular, upmarket bar and fusion restaurant located in Penarth, South Wales. Responding to...

Asking Price: £160,000
Turnover: £400,000

LEASEHOLD


Event Management
Northamptonshire, UK Wide

Event Management Company Based in Northamptonshire. An excellent commercial location. Extensive inventory of hire stock and fixtures & fittings included. Offers invited.

Asking Price: £1,015,000
Turnover: £397,533

FREEHOLD



View more businesses for sale

News Search

Latest News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
28
 
May
 

M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
12
 
Feb
 

Victorian hotel set in Devon estate up for sale | COMMERCIAL PROPERTY

The Highbullen Hotel Golf and Country Club, which is set on ...

 
07
 
Feb
 

Sunderland restaurant up for sale | BUSINESS SALE

The owners of Sunderland-based restaurant D’Acqua have...

 
06
 
Sep
 

Care home in Hampshire changes hands to new owners | BUSINESS SALE

Business property adviser Christie & Co. have supported the ...

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