Brooklands hotel in Surrey sold off guide price of over £20m
The Brooklands hotel in Weybridge, Surrey, which stands on the site of the birthplace of British motorsport, has been sold to an affiliate of Bestford Capital and Westmont Hospitality Group.
The freehold of the 120-bedroom, four-star hotel, which originally opened in 2010, was sold off a guide price in excess of £20m by property agents Colliers International.
The hotel, which has a turnover of around £7.5m, features the 1907 restaurant and grill, a spa, and nine conference rooms with capacity for 220 people.
Built in 1907, the Brooklands racetrack in Weybridge, Surrey is said to be the world's first purpose-built racing track, and was used extensively for motor racing in the 1920s and 30s. The site is also historically linked to aviation development.
Julian Troup, head of UK hotels agency at Colliers International, said that the hotel's historical location had made it an attractive proposition for both domestic and overseas investors.
He added: "[Interest was] driven by the hotel's luxury appeal, superb trading performance and the area's reputation as one of Home Counties' chief business destinations."
Brooklands hotel opens on site of UK's earliest motor-racing track >>
