Thu, 28 Apr 2011 | BUSINESS SALE
Two hotels located in the popular seaside area of Torbay have been put onto the market following their administration at the start of last month.
The Torbay Court Hotel (pictured) on Steartfield Road, Paignton and The Bute Court Hotel, on Belgrave Road, Torquay, have a combined value of more than £1.6 million and are up for sale through the Exeter-based King Sturge leisure team.
Previously owned by Stuart Travis, the two hotels have been under the control of insolvency firm Begbies Traynor since March, but have both continued to trade as normal since then.
A Bebgies Traynor spokesman told This is South Devon, “This is a golden opportunity for hoteliers to grow their businesses through acquisition ahead of the main selling season.
“The hotels have a solid order book for many months and are perfectly based to take advantage of the region's tourism trade, making them an attractive proposition for potential buyers,” added the spokesman.
The Bute Court Hotel dates from the late 1800's and comprises 44 bedrooms across four floors, as well as an owners bedroom, bar, dining room, library and games room. The hotel has a freehold price tag of £850,000, which will include the trade inventory.
The Torbay Court Hotel boasts 58 en-suite bedrooms, a bar and function room and restaurant seating 100 people. Its price tag is £775,000, including goodwill and trade inventory.
Discover a highly distinctive mortgage network with approximately 110 advisers and an impressive growth model attracting 30-40 new advisers annually.
This is an exclusive opportunity to acquire a South Wales IFA business with substantial assets under management, offering a stable, recurring income stream.
This SaaS and CPaaS communication platform, located in Dublin, boasts a prestigious blue-chip client base and 95% client retention. With leading products that enhance customer satisfaction through deeply personalised interactions.
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.