The three-star, 120-bedroom Royal Clifton Hotel in Southport has been brought to market for a guide price off £6m.
The Grade-II listed building, dating back to 1850s, currently trades within a franchise agreement under the Sure Hotel Collection by Best Western and has been owned by D’Urberville Hotels for the past four years.
Alongside its 120 bedrooms, the hotel also boasts extensive banqueting and conference facilities including nine function rooms and a health club.
The hotel currently boasts strong RevPAR performance within its competitor set which is reflected in the business sales mix.
D’Urberville Hotels purchased Royal Clifton Hotel through Christie & Co in 2015, and is being sold as part of a planned exit strategy.
The directors of the business comment: “Strategic business positioning within the Southport marketplace, supported by the introduction of capital deployed to most of the bedroom stock and a tangible investment in operational people engaged in driving for results is evident in the business and reflected in year to date business performance.”
Ryan Lynn, director at Christie & Co, is handling the sale and comments: “We’re pleased to be working with D’Urberville Hotels once again and anticipate that the business will be well received by the market.
The hotel is currently trading strongly but an incoming operator could invest further in order to achieve four-star accreditation, which would complement the existing facilities and diversified revenue streams. The UK hotel market is currently very active with both UK and overseas buyers seeking high quality opportunities and we believe that the Royal Clifton Hotel fulfils many of their criteria.”