Four-star Cambridge boutique, Hotel Felix, has been brought to market for £8.5m.
The freehold for the hotel is currently owned by Cassel Hotels, who took over the property in 2001 and now wish for a new purchaser to come on board to ‘drive the business forward’.
The Victorian villa hotel comprises 52 bedrooms, with planning permission granted earlier this year in March for the creation of an additional 16 bedrooms and a new reception area.
The gardens are popular for events and weddings, with a gazebo and four function rooms adding to its appeal.
There are three dining facilities on site, with the 2 AA Rosette Graffiti restaurant, the Orangery and the seasonal Garden Terrace.
Hotel Felix consistently achieves high occupancy and levels of trade from a strong corporate and leisure base.
Henry Jackson of Knight Frank LLP comments: “The hotel is currently owned by Cassel Hotels, and is available for the first time in its history, as the owners are looking for a new purchaser to drive the business forward.”
Jeremy Jones at Christie & Co comments, “The Hotel Felix represents a unique opportunity for an investor to acquire a substantial, unencumbered freehold hotel in Cambridge, one of the most sought after hotel markets in the UK. With significant asset management and value enhancement options, we anticipate a strong level of interest from domestic and international purchasers.”
The freehold of Hotel Felix is available with no third-party management for offers, in excess of £8m, for 100% of the issued share capital of the company.