Holiday Inn Nottingham - "An opportunity to acquire a highly profitable and strategically located internationally branded hotel"
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Holiday Inn Nottingham Castle Bridge Road, Castle Marina Park, Nottingham, East Midlands NG7 1GX “An opportunity to acquire a highly profitable and strategically located internationally branded hotel”
HOLIDAY INN NOTTINGHAM
Investment highlights
On behalf of Avid Asset Management Ltd, Christie + Co
has been retained as exclusive advisor to sell the
Holiday Inn Nottingham.
• 128 en suite letting bedrooms
• Conference & banqueting facilities
for up to 40 delegates
• Car parking for 113 spaces
• Attractive Nottingham location
• Available with the benefit of a franchise agreement
with Holiday Inn expiring in September 2015
• Total Revenue for 2013 of £2.846m,
2014F of £2.893m and 2015F of £2.919m
• Freehold
• Offers in excess of £7,500,000
The Brasserie Eaton’s Bar
HOLIDAY INN NOTTINGHAM
Location
The Holiday Inn Nottingham is situated in a prominent
position adjacent to the Castle Marina Park, a retail
park approximately 2km south west of Nottingham
town centre.
The property is located within close proximity to
the ng2 Business Park, home to Experian and
SpecSavers. Other large corporate businesses in
the Nottingham area include Boots, Vision Express
and Imperial Tobacco.
The hotel is highly accessible to the East Midlands
Conference Centre, Capital FM arena, Nottingham
Trent University, Trent Bridge Cricket ground and
Nottingham Science Park. East Midlands Airport
is located 21km to the south west of the hotel with
an approximate journey time of 20 minutes.
Nottingham centre, Market Square
Robin Hood’s statue at Nottingham Castle Nottingham University Nottingham Science Park
HOLIDAY INN NOTTINGHAM
Location Nottingham
Trent University
intu
Victoria
Theatre Royal Centre
Concert Hall
Nottingham
Playhouse 2 Old
The Exchange
Market
Square Shopping Centre
The University N O T T I N G H A M Capital
FM Arena
of Nottingham
A6
Jubilee Campus
00
8
Nottingham
MIDDLETON BLVD
Castle
1
LENTON
D
OA
YR
D ERB
2 00
BLVD
D RD
A6 A S TL E B L
VD Nottingham
A6005 C Station
FOR
Castle Marina QUEENS RD
W IL
A Retail Park
C
ST
Junction 25 L E BR
A52 D I D G E RD
ERBY R
M1 D Castle
Marina
D R
EENS Notts County
QU
Football Club
Meadow Lane Stadium
ng2
A52 Business
CLI Park
FTO
N Nottingham
BLV
East Midlands The University D The University Forest
Conference of Nottingham of Nottingham Football Club
Centre King’s Meadow Campus City Ground
t
en
t
3 Trent Bridge
Tren
RD East Midlands Airport Cricket Ground
Tr
A
EV
L (21 miles)
River
er
B OU
Riv
IT Y
RS
VE
U NI
05
A453 QUEENS DR
60
A Castle
1 Nottingham 2 Nottingham Playhouse 3 Trent Bridge Cricket Ground
Edinburgh
Liverpool Sheffield
Manchester Nottingham
London
HOLIDAY INN – NOTTINGHAM
The property
The hotel comprises a detached four storey
property which is furnished in line with the
Holiday Inn brand standards.
The hotel offers an excellent range of accommodation
to maximise revenue opportunities with a range of
facilities and amenities including:
• 128 air-cooled en suite letting bedrooms
• Eaton’s Bar & Eaton’s Brasserie and Terrace
• Conference area and banqueting suites which
are able to host up to 40 delegates
• A small gymnasium
• On-site barrier controlled car park for 113 vehicles
HOLIDAY INN – NOTTINGHAM
The property: Accommodation
Accommodation summary
The hotel is a preferred partner to a number of corporates in the area who
frequently use the hotel and its facilities.
The hotel is able to cater for individual business travellers, offering standard
or executive bedroom options, as well as catering for leisure guests mid-week
and at weekends with a number of twin and family rooms available.
The bedrooms are all furnished to the Holiday Inn brand standards and
present very well.
The accommodation is arranged over three floors and is served by a passenger
lift from the ground floor. The hotel comprises 128 en suite letting bedrooms
with the following classifications.
Bedroom type Number Average size (m²)
Executive 30 21.0
Standard Double 53 19.5
Executive room
Standard Twin 35 21.8
Family Rooms 7 21.8
Accessible Rooms 3 21.0
Total / Average 128 20.6
Standard room
Twin room Executive room
HOLIDAY INN – NOTTINGHAM
The property: Food & beverage
Food and beverage facilities
The hotel includes Eaton’s Bar and Brasserie which are located behind the main
reception and provide complimentary wireless internet access during the day.
Eaton’s Bar is popular with business customers who often use the area for
informal meetings and lunches, making use of the complimentary wireless
internet access. It is also a popular area in the evening with residents who
prefer a more relaxed area to enjoy their dinner.
Eaton’s Brasserie, benefitting from a recent refurbishment, provides an open
and enjoyable area in which to host conference lunches, evening meals and
is also where breakfast is served for guests.
The hotel also benefits from an association with Starbucks providing Starbucks
coffee and refreshments to the bar and brasserie. The rooms have the
following capacities.
Location Seating capacity
Eaton’s Bar Eaton’s Bar Ground Floor 25
Eaton’s Brasserie Ground Floor 70
Terrace Ground Floor 25
Eaton’s Bar Brasserie and Starbucks facilities The Terrace
HOLIDAY INN – NOTTINGHAM
The property: Conference and Banqueting
Conference facilities
The property has three meeting rooms which all benefit from natural light
and wireless internet. The largest room is The Clumber Suite which can
cater for groups up to 40 delegates in Theatre Style.
The Clumber and Loxley Suites are located to the front of the hotel at ground
floor level, and the Marina Suite is situated adjacent to Eaton’s Brasserie
with windows fronting the terrace.
The conference and banqueting suites are frequently used by a number
of the hotel’s local corporate clients for small meetings or day conferences.
The 113 on-site parking spaces and highly accessible location of the hotel
make it an attractive meeting venue within Nottingham.
Room Theatre Classroom Boardroom Banquet U-Shape Space (m2)
Clumber 40 16 24 30 24 42.78
Loxley 16 10 8 10 8 18.86
Clumber Suite
Marina 18 8 10 12 8 19.72
Loxley Suite
Clumber Suite / theatre style
HOLIDAY INN – NOTTINGHAM
The business
Trade summary Franchise agreement
The hotel currently trades as a Holiday Inn branded hotel, part of the
Whilst detailed trading information will be available to InterContinental Hotels Group, under a franchise agreement that expires
bona fide parties upon completion of a confidentiality in September 2015.
agreement, trade under the current management and Tenure
Holiday Inn branding can be summarised as follows: The property is held freehold.
FY 2012 FY 2013 FY 2014 FY 2015 Licences
Actuals Actuals Forecast Forecast We understand that the hotel benefits from all the necessary licences for
£000’s £000’s £000’s £000’s
the conduct of the business.
Occupancy 70.25% 75.83% 75.96% 76.42% Fire risk assessment
We have assumed that a suitable and sufficient Fire Risk Assessment has
ADR 63.01 60.90 62.21 62.32 been carried out. Under the Regulatory Reform (Fire Safety) Order 2005
this assessment needs to be recorded in writing where there are five or
RevPAR 44.26 46.17 47.26 47.62 more employees, the property is under enactment of a licence or where
an alterations notice has been served.
Total Sales 2,757 2,846 2,893 2,919 EPC
An Energy Performance Certificate for the property can be found within the
secure data-site.
Energy Performance Asset Rating
Further information
Data room
Detailed information relating to the property and the performance of the
hotel can be found within a secure data-site. For access, please request
a Confidentiality Agreement (‘CA’) from the Christie + Co’s Project Team.
Price and basis of offer
Offers in excess of £7,500,000 for the freehold hotel are invited based
on either an asset or share sale of the Special Purpose Vehicle which
holds the property.
HOLIDAY INN – NOTTINGHAM
Contact details
No direct approach may be made to the business.
For an appointment to view please contact:
Jeremy Jones Director
E: jeremy.jones@christie.com
T: +44 (0) 207 227 0755
Alex Campbell Associate Director
E: alex.campbell@christie.com
T: +44 (0) 207 227 0727
Ben Freckingham Director
E: ben.freckingham@christie.com
T: +44 (0) 115 945 4705
Conditions of Christie + Co’s Information:
These sales particulars are prepared as a general guide to the properties (which expression includes business and trade
content, if any, included in the sale) for the convenience of a prospective purchaser (an “acquirer”) and are intended for
business people familiar with commercial transactions. If you are not sure that you fit this description you should take
relevant independent advice before proceeding further. Christie + Co for themselves and for the vendors, whose agents
Christie + Co are, give notice that: (a) These particulars are made without responsibility on the part of Christie + Co or the
Client; they do not obviate the need to make appropriate searches, enquiries and inspections, nor do they constitute any
part of an offer or contract, and statements herein are not to be relied upon as statements or representations of fact; any
acquirer must satisfy himself, by inspection or otherwise, as to their correctness and any error, omission or mis-description
therein shall not affect or annul the sale or be grounds for rescission or compensation; (b) The Client does not make or give,
and neither Christie + Co nor any of their employees has any authority to make or give, any representation or warranty
whatsoever in relation to the properties; (c) Christie + Co has not carried out a detailed survey, nor tested the services,
appliances and specific fittings; (d) Dimensions (where given) are approximate and should be verified by an acquirer; and (e)
Any accounts or financial statements or registration information provided to an acquirer are provided on behalf of the Client
by Christie + Co, who cannot therefore offer any guarantee of their completeness or accuracy, and accordingly shall not be
liable for any loss, damage, cost, expenses or other claims for compensation arising from inaccuracies or omissions therein.
These details were believed to be correct at the date of publication but their accuracy is not guaranteed. Subject to contract.
Copyright Reserved Christie + Co. October 2014.
Nottingham Castle Gate House
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