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Birmingham Post
Birmingham Post
Business
Jon Robinson

Holiday Inn Express put on Rightmove with £3.5m price tag

A Holiday Inn hotel has been put up for sale on Rightmove with a price tag of £3.5m.

Holiday Inn Express Liverpool, which is located in Hoylake, Wirral, has 56 bedrooms with a bar and restaurant on the ground floor.

Christie & Co is overseeing the sale of the property which had an EBITDA of £344,973 in the year to the end of March 2020.

READ MORE: B&M to hand shareholders £250m pay day after 'continued strong performance'

According to the Rightmove listing, the hotel also had a turnover of more than £1m in the same financial year.

The three-storey hotel, which also has conference and events facilities, made a gross profit of £746,639 in the 12 months to March 2020 as well.

No financial figures have been published for its most recent year.

The property is held on a Long-leasehold title for a term of 125 years from May 29, 2012, and has about 119 years remaining.

The Holiday Inn Express franchise is based on a 20-year term.

The Christie & Co posting on Rightmove read: "Our clients have owned and operated the hotel for a number of years and are now looking to exit.

"We feel this is an ideal opportunity for an experienced operator/investor to take over a ready-to-run branded hotel business.

"The operation is currently fully managed with a strong structure already in place with c.12 salaried and eight hourly-paid members of staff, however we have been advised that the current GM is not staying with the business post sale."

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