Newly Refurbished Holiday Inn South Normanton, Off M1, Peak District, For Sale

By Dev Anand | 19 November 2019

Location: South Normanton, Derbyshire, UK – East Midlands Airport 30 minute drive

Name: Holiday Inn South Normanton M1, Juntion 28

No. of Keys: 163

The Property: The hotel had a £multi-million refurbishment in 2018/19 and became a Holiday Inn from it’s original name of The Derbyshire Hotel. The hotel comprises 163 guest rooms (123 refurbed, 40 still requiring doing), business centre with 11 meeting rooms to take upto 250 pax theatre-style, open lobby and restaurant with 130 covers, indoor heated pool, spa, gym, 8 acres grounds, with parking (220 cars), planning for additional 54 rooms (granted 2016)

The hotel is well-located for Donnington Race Park, Alton Towers, the Peak District and corporate business from Nottingham and Derby.

Main Photo: The aerial view of the hotel

Tenure: 977 year-lease left to run at peppercorn rent

Brand/Management: Brand – IHG Holiday Inn; Managed by Countrywide Hotels which can be continued or terminated upon sale.

Current Owner: Serani Hotels

Guide Price: £20m for lease and shares in the owning company

Guide Price per Key: £122,699

Yield: Available upon NDA and LOI via dataroom

Agent: Christie & JLL

Date Posted: September 2019

THPT Comment: A fair price for this well-located hotel, with solid Holiday Inn brand and good small management company, makes it interesting for an investor or existing hotel company.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email [email protected].

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.

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