Christie + Co has announced a cut to the asking price of top boutique hotel, Zanzibar International Hotel in St Leonards-On-Sea, Sussex, from £1.49m to £1.375m.
The eight-bedroom hotel, which each features a spa-style bathroom, was founded by Max O’Rourke in 2007 and has enjoyed strong levels of custom ever since.
He launched the 50-cover The Pier Nine Restaurant in 2012 and over the last few years, the business has scooped many awards such as Eatery of the Year in 2014, a César Award by The Good Hotel Guide and was also featured on the Sunday Times Travel Magazine’s list of Top 63 Hotels in the World.
Andrew Moore, director in Christie & Co’s Maidstone office says: “Zanzibar International Hotel represents an exceptional opportunity for an investor, skilled owner or couple to take over a remarkable asset with an award-winning reputation.
“Hastings and St Leonards are both on the rise as tourist destinations and a new link road as well as faster rail links to London will enhance their profile further.”
O’Rourke comments: “Zanzibar represents an opportunity for a skilled couple seeking a lifestyle business in an up-and-coming town by the sea. The real strength of the business is in the popularity of the Zanzibar brand. It could also suit an experienced operator who wants to roll out a small chain. With its extensive client list and regular exposure in the national media, Zanzibar is a truly unique boutique hotel.”