Wed, 15 Nov 2023 | COMMERCIAL PROPERTY
Miskin Manor Hotel & Spa, a Grade-II listed hotel in Pontyclun on the outskirts of Cardiff, has been brought to market. The four-star hotel, a popular wedding venue, fell into administration last month as a result of significant cashflow pressures.
RSM UK Restructuring Advisory LLP’s Gareth Harris and Diana Frangou were appointed as joint administrators to RCA Hotels, which trades as Miskin Manor Hotel & Spa, on October 19. The joint administrators began trading the hotel in an effort to stabilise the business with a view to selling it as a going concern.
They have now appointed specialist property adviser Christie & Co to bring the hotel to market. No guide price has been set for the hotel, with offers invited for the freehold interest. Earlier this year, the new lease for Miskin Manor was brought to market with a guide price of £700,000 and annual rent of £300,000.
Miskin Manor, which was previously a private residence with several high-profile owners over the years, was transformed into a country house hotel in 1985, with its last owners taking over the business in 1996. The hotel is set in 22 acres of grounds, featuring manicured gardens, and has 42 individually designed bedrooms, a health club, fine-dining restaurant and events space.
Commenting on the sale process, Christie & Co Senior Hotel Broker Richard Thomas said: "This sale represents a once-in-a-generation opportunity to acquire an historically significant and highly regarded Welsh hotel, situated near major demand generators including Cardiff city centre, the ICC and the Welsh countryside.
"With plenty of potential for development of the current business, we have already experienced a high level of interest in the business prior to launching to market and advise any interested parties to get in touch soonest."
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FREEHOLD
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