Thu, 18 Jan 2024 | COMMERCIAL PROPERTY
Daish’s Group has instructed property consultancy Savills to market three hotels from its portfolio for sale. The group is selling the freeholds of the Barrowfield Hotel, Newquay, the County Hotel, Kendal and Daish’s Blackpool. The hotels are available either individually or as a portfolio.
The Barrowfield is a coastal hotel featuring 80 en-suite bedrooms, a restaurant with 170 covers and a ballroom with a 130 capacity, as well as an indoor swimming pool, games room and sauna.
The County Hotel, an 18th century hotel located in Kendal town centre, has 41 en-suite bedrooms, a 75 cover restaurant, coffee shop and bar. The hotel is being listed with a guide price of £1.85 million.
Daish’s Blackpool is a coastal hotel located on the end of a terrace, featuring 72 en-suite bedrooms, a restaurant with 130 covers, a coffee shop, bar and entertainment room. It is being listed with a guide price of £1.95 million.
Tom Cunningham, director for Hotel Capital Markets at Savills, said: "We are pleased to have been appointed to sell a number of assets across the UK for our client. All three hotels sit in strong trading locations and offer an incoming purchaser excellent potential to capitalise on the sustained consumer demand for staycations."
Daish’s Managing Director George Brown added that, while the group was placing these assets on the market “with a heavy heart”, the company would continue to look at opportunities to expand its portfolio and to find hotels that “offer a better fit for our customers.”
Despite a tough year for dealmaking in the global travel and tourism sector, the hotel industry is seen as an area that could drive a potential recovery during 2024, with strong appetite to acquire hotels
Find out more about resilient M&A activity in the UK's hotel industry
Check the latest UK hotels for sale
A turnkey freehold hotel, restaurant and wine bar business opportunity located in Jedburgh; a pretty town in the Scottish Borders with a high concentration of attractions within small parameters
LEASEHOLD
Operated as a hotel since the 1930s, the business is well-established in the local region. The adjoining restaurant is well-respected in its own right having won a TripAdvisor “Traveller’s Choice” Award in 2022.
FREEHOLD
This long-established aquatics and aquarium business is ideal for an enthusiast looking to take over a reputable operation with significant goodwill and a solid customer base. The purpose-built premises, complete with a residential apartment, offer b...
LEASEHOLD
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.