18 properties in Coast and Country Hotel Collection up for sale

24 May 2023 by
18 properties in Coast and Country Hotel Collection up for sale

Eighteen properties in the Coast and Country Hotel Collection have been put up for sale.

The leisure-focused hotels are spread across England, Scotland and Wales and are available to purchase individually.

They form part of a portfolio of 33 former Shearings hotels which have been run under a management agreement by Bespoke Hotels since 2020.

Specialist Leisure Group, parent company of the Shearings brand, fell into administration in 2020 and the properties were sold to a new owner.

Hotels up for sale include the Valley of the Rocks hotel in Lynton, Devon, which last year temporarily closed for the winter due to a drop in trade, for £1.65m.

Also on the market is the Beresford hotel in Newquay, which has a guide price of £3.85m, the Marine hotel in Llandudno (£5m, pictured) and the Torbay hotel in Torquay (£6.25m), among others.

Ed Bellfield, regional director – hotels at Christie & Co, said: "This is a unique opportunity to acquire a number of existing hotel businesses in established leisure locations throughout the UK.

"We expect the hotels to appeal to a wide range of buyers including single asset purchasers and those looking to expand their existing portfolio.

"We also anticipate interest from both national and international investors attracted to the UK market."

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking