Novotel Milton Keynes comes to market

03 May 2023 by
Novotel Milton Keynes comes to market

The Novotel Milton Keynes has been put up for sale for an undisclosed price.

KS Saxon Street has instrcuted Colliers to market the 124-bedroom hotel with vacant possession, free of management or franchise agreement.

Brand owner Accor is said to be welcoming discussions on both management and franchise options.

The three-star rated hotel features a gym, bar, a 75-cover restaurant and conference and events facilities.

It is also located a ten-minute drive away from the M1 motorway and Milton Keynes train station.

Kit Abram, associate director in the Hotel Capital Markets team at Colliers, said: "The Novotel Milton Keynes offers a great opportunity to acquire an asset free and clear of management in a strong south east market.

"We expect to receive a strong level of interest from UK domestic operators, cross-border, and international capital, as well as institutional investors seeking value add opportunities."

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