Fri, 08 Jul 2016 | COMMERCIAL PROPERTY
Eastbourne Pier owner Sheikh-Abid Gulzar has placed one of his Eastbourne hotels on the market for £5.5 million.
The Mansion Lions, which sits on Eastbourne's seafront, a four-minute walk from Eastbourne Pier, is now for sale with Fleurets via their Brighton office.
Mr Gulzar purchased the pier last October to add to his portfolio of sites that is also comprised of the Albany Lions, the Boship Lions Farm Hotel and the Lions Cub Nursery, all located in Eastbourne.
He told the Eastbourne Herald: “I am very happy with the way my business is progressing. Eastbourne Pier is becoming a massive success, it really is very busy as the summer develops.
“We have put major investment into the pier — both in terms of time and money — but at the same time we have to focus on the other parts of our business as well.
“That investment will continue — make no mistake about that — but I am a businessman, I have been for over 50 years, and that means you always have to look at new opportunities.”
The 108-bedroom hotel featured in an episode of The Hotel Inspector on Channel 5, which was, the owner said, “great publicity” for this and his other hotels.
The hotel reported revenues of £1.7 million for the year ending March 2015, and earnings before interest, taxes, depreciation and amortisation were £654,208.
Find more hotels for sale
Il Bacio Express, an authentic Sardinian restaurant which was established by our client in 2000. Our client is now looking forward to moving back to Sardinia. Il Bacio Express opened in 2000 as a pizza and pasta café. Since then the business has grow...
LEASEHOLD
Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.
FREEHOLD
Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.
LEASEHOLD
|
22
|
|
Jan
|
Jewellery retailer enters administration | ADMINISTRATION
A Nottingham-based jewellery and watches company has fallen ...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
Sign up to receive our acquisition alert emails to get your FREE guide
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