The Imperial Hotel Blackpool comes to market as part of £130m portfolio
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 £130m.
The sale includes The Imperial Hotel on Blackpool’s North Promenade. The 180-bedroom property is Grade II listed and dates back to the 19th Century.Now a 4-star hotel, it also features a restaurant, bar, health club and 14 conference rooms catering for up to 600 delegates.
The hotels, which offer a combined total of 1,433 bedrooms and 111 meeting rooms plus numerous restaurants, gyms and health spas, produced a total revenue of £48m in 2015.In England, the portfolio also 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 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, said: “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.”