Peel Hotels has instructed Christie & Co to market a further three properties from its portfolio. Located across the UK, the hotels include The Caledonian Hotel, Newcastle, The Midland Hotel, Bradford and The George Hotel, Wallingford.
The Caledonian Hotel is an imposing 89-bed hotel located one mile from Newcastle city centre in sought after Jesmond. This newly refurbished freehold site also features a bar and restaurant with an alfresco terrace, seven meeting rooms and conference facilities, and on-site parking.
The Midland Hotel is situated in the heart of Bradford city centre, very close to Foster Square Station, in one of the city’s most famous buildings. This landmark Grade II-listed property boasts opulent Victorian interiors throughout with extensive function and banqueting suites including two ballrooms, making it the premium choice in the city for weddings and events.
This freehold hotel offers 90 en-suite bedrooms. Bradford has been selected as the UK City of Culture for 2025, which is set to attract over 1.1 million tourists and guarantee millions of pounds worth of funding and investment, presenting a fantastic opportunity for future business growth.
The George Hotel is a freehold characterful Grade II-listed coaching inn, in the centre of the Oxfordshire market town of Wallingford, which isclose to the River Thames. The property underwent a refurbishment scheme in 2019 and features 39 en-suite guestrooms, a bar and restaurant, two function rooms and ample on-site guest parking.
David Lee, Regional Director Hotels, North East & East Midlands, noted, “The Caledonian and Midland Hotels are excellent opportunities for a new owner looking to buy in the North East, considering their size, great locations, and variety of different income streams.
'Both hotels are able to tap into the current staycation trend and the Midland Hotel is also directly positioned to benefit from Bradford’s selection as the UK City of Culture for 2025.”
Jeremy Jones, Head of Brokerage at Christie & Co, remarked, “Following the significant level of interest received for the Norfolk Royale Hotel, Bournemouth, we are delighted to launch these three freehold properties on behalf of Peel Hotels.
'These hotels are strategically located and each offers potential value creation through active asset management.”
Ed Bellfield, Regional Director – Hotels, South, South West & Anglia, who is responsible for the sale of the Norfolk Royale, added, “We are very pleased with the interest expressed for the Norfolk Royale and expect these opportunities will attract many local, regional and international hotel investors and operators.”