Six regional UK Hilton hotels sold off £40 million guide price

    Hilton Hotels' property in Swindon
    675 359 Daniel Fountain
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    Specialist property adviser Christie & Co has announced the final sale of a collection of six regional, managed Hilton hotels.

    The six properties across the UK had a total asking price of £40 million, and have all been purchased by individual buyers. With the exception of Swindon, they have all been acquired free and clear of the current Hilton branding and management after the conclusion of their agreed notice periods. The hotels are:

    Basingstoke (141 rooms)
    Bromsgrove (146 rooms)
    Dunkeld (98 rooms)
    Newbury (109 rooms)
    Newport (148 rooms)
    Swindon (171 rooms)

    Jeremy Jones, Head of Hotels Brokerage at Christie & Co, said: “The properties were offered on a whole, sub-group or individual sale basis and we were able to leverage our knowledge of the sector and the players within it to run a competitive sales process, culminating in all sites selling on an individual basis.

    “All of the buyers have recognised the individual opportunities on offer which illustrates the shift in focus to single asset sales,” he added.

    Daniel Fountain / 19.04.2016

    Editor, Hotel Designs


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