Landmark hotel offered for sale with price tag of more than £6m
Specialist business property adviser Christie & Co has brought to the market the Royal Clifton Hotel, a three-star, 120-bedroom hotel in the Merseyside coastal resort of Southport, with an asking price for the freehold in excess of £6m.
A landmark building within the town, The Royal Hotel was a Grade II-listed building overlooking popular attractions including the Marine Lake and Kings Gardens.
Originally built by Thomas Withnell in 1853-54 it was subsequently extended and in 1980 was joined with the adjacent Clifton Hotel.
Today the hotel, which trades within a franchise agreement under the Sure Hotel Collection by Best Western, has established itself as one of the area’s premier wedding and events venues.
Christie & Co said this is unsurprising, given the extensive banqueting and conference facilities including nine function rooms which cater for up to 300 guests, attractive lounge, restaurant, and bar areas, and a leisure club and health spa that is open to both residents and members.
The hotel currently boasts strong RevPAR performance within its competitor set which is reflected in the business sales mix.
Having been purchased through Christie & Co in 2015, the business has been owned and operated by D’Urberville Hotels for the past four years and is being sold as part of a planned exit strategy.
The directors of the business said: “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 said: “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.”