The Hotel Collection, represented jointly by Savills and Rothschild, has brought to market a portfolio of 10 regional UK hotels known as Project Solstice for a guide price in excess of £130 million.
The properties, which feature 1,433 bedrooms and 111 meeting rooms plus numerous restaurants, gyms and health spas, produced a total revenue of £48 million in 2015. In England, the portfolio includes: The Majestic Hotel, Harrogate; The Old Ship Hotel, Brighton; The Redworth Hall Hotel, County Durham; The Imperial Hotel, Torquay; The Billesley Manor Hotel, Stratford-upon-Avon; The Imperial Hotel, Blackpool and The Shrigley Hall Hotel, Golf and Country Club, Macclesfield. In Scotland and Wales, it encompasses The Stirling Highland Hotel, Stirling; The Aberdeen Altens Hotel, Aberdeen and The Angel Hotel, Cardiff.
Martin Rogers, head of UK hotel transactions at Savills, comments: “We are pleased to be bringing this significant collection of hotels to market. The distinctive heritage and character of each property has been maintained while generating a robust collective income. The portfolio also offers numerous value-add and asset management opportunities to further enhance the long term revenue.”