Birmingham hotel hits the market
A Birmingham hotel has been put up for sale with a £2.85m price tag.
Business property advisor Christie & Co has brought to market the Mercure Birmingham Barons Court Hotel in Walsall Wood.
The hotel is situated in an historic property dating back to 1901 and comprises 98 en-suite bedrooms, an in-house bar and restaurant, and conference and event space for up to 700 guests.
It is currently managed by Talash Hotels as part of its portfolio of 12 hotels. The group is now looking to sell the business to pursue other property interests.
Talash Hotels said: “The hotel commands an enviable position on Lichfield Road and is in close proximity to key conurbations and businesses in the area. We have deployed a significant amount of capital expenditure in recent years to bring the hotel up to brand standards.
“As such, very little additional investment is required, so it’s a great opportunity for a new owner to take on the business and build on its existing success. We’ve thoroughly enjoyed managing the hotel, but the time has come to pass it on, and we look forward to finding the right new owner with the help of Christie & Co.”
Charles Jones, associate director in Christie & Co’s hospitality team, said: “2020 proved to be a challenging year due to COVID-19, however branded hotel opportunities remained very much in high demand, with our team achieving in excess of 360 offers accepted. We’ve seen similar demand levels in the first few weeks of 2021, so we’re excited to launch this opportunity to market and expect a significant level of interest.”
