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Ziggurat Hotel goes on the market for £2.45m

Ziggurat exterior (1)

Guernsey’s Ziggurat Hotel is being put on the market with an asking price of £2.45 million.

The 14-bedroom boutique hotel, set in the heart of St Peter Port on the island, is being marketed by Colliers International’s Hotel Agency division.

The majority of the 14 bedrooms have a terrace or balcony overlooking the harbour and neighbouring islands, while the loft rooms share a large terrace. The hotel also features a bar and 60-cover restaurant.

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The hotel has also has outdoor space including terraces, heated pagoda, gardens and private dining to garden beach huts.

Director at Colliers International, Paul Barrasford, said: “You can’t help but be impressed by the beautiful interior of the hotel, which has been inspired by the owners’ love of travelling. The Ziggurat is a genuine boutique hotel with an attention to design detail that you just don’t see in most other properties trying to capitalise on the demand for more individualistic hotel offerings.

“The trading performance is impressive, yet there is still significant scope for further revenue growth. Dependent on how involved a new owner wants to be and how they operate the F&B side, the already high profits could be increased to and possibly £200k per annum. This is a rare opportunity to acquire a successful property and business in a much sought after low tax environment.”

The Ziggurat opened in 2015 and has been run as a profitable business since.

One of the appeals of the hotel is its setting in Guernsey, a prominent tax haven, with the island seeing around 415,000 visitors per year, spending an estimated £250 million per annum.

Any potential new owner will have the benefit of residents rights in an on-site two-bedroom apartment.

 

Tags : colliers internationalfor saleZiggurat Hotel
Zoe Monk

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