Andrew Brownsword Hotels has now appointed Christie + Co to bring to market the Royal Clarence Hotel site after making the decision to sell last month.
Following extensive damage to the property caused by the fire of 28 October 2016, which started in a neighbouring building but spread throughout The Royal Clarence, significant works have been completed to protect and restore the site’s historic fabric, and as enabling works are concluded, Christie + Co is seeking unconditional offers for the freehold interest of the site.
Last month when news broke of the decision to sell, owner Andrew Brownsword said it was ‘heart breaking’ and he wished to sell the site to a group that operates a ‘different business model to ours’.
He added that a sale will enable the rebuild happen ‘quickly and viably’.
The site comes with planning permission for a new 74 bedroom hotel, which would benefit from views overlooking the cathedral and the high numbers of visitors to the popular city.
Exeter is rich in history with various Roman landmarks and sites of interest, plus it is home to a globally respected university and a ‘thriving’ culture and tourism market.
In August, Andrew Brownsword commented: “We are deeply saddened to announce the intended sale of the site of The Royal Clarence Hotel, but after many months of work and following extensive investment made, we have explored every avenue and have come to the conclusion that our group is unable to deliver a new hotel, as we had so hoped to do.
“The extensive recovery and preparation work that has been completed at the site means it now offers an excellent opportunity for the next stage of development and I have had to concede that this will be realised by others.”