‘Significant price reduction’ for Eden Arms Hotel in Durham

1. Eden Arms – Front

Colliers International has announced a ‘significant price reduction’ on the Eden Arms Hotel in Durham, with offers now being accepted in the region of £1.4m.

Owners the Specialist Leisure Group, an operator of escorted tours and leisure hotels, is selling the 17th century coaching inn after a recent refurbishment programme, which included the refresh of its bedrooms and restaurants. 

Eden Arms Hotel comprises a total of 44 bedrooms, a bar and restaurant, plus function facilities, and a leisure club with swimming pool, sauna, steam room and spa.

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IIn addition, there are a wide range of outbuildings incorporated within the site which are ideal for further development, especially since the property benefits from a planning consent to develop three residential dwellings.

Robert Smithson,  senior surveyor in the Hotels Agency team at Colliers International, commented: “Although part of a larger group, the hotel is an established and successful business in its own right. This is due to a recent refurbishment programme, increased private leisure interests and the popularity of this hotel amongst local clientele for a wide array of corporate and private events. 

“From both an operational and property perspective, there is exciting value added opportunities here; which coupled with the potential for SLG to continue to provide coach trade; makes this an excellent opportunity.”

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Zoe Monk

The author Zoe Monk

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