Search
The Caterer

Birmingham's Paragon hotel goes on the market for £6m

23 January 2013 by
Birmingham's Paragon hotel goes on the market for £6m

The 250-bedroom Paragon hotel in Birmingham has been put on the market for £6m, after falling into administration in September last year.

At the time, Sarah Rayment, BDO business restructuring partner, said: "Unfortunately the economic climate and difficult trading conditions have adversely affected these hotels."

The Paragon is located within an imposing six-storey, Grade II-listed building, which was built in 1903. It currently has just 207 bedrooms in use.

Located on Alcester Street, close to the Bullring Shopping Centre, the property has 13 function rooms with a total capacity for 600 guests. It currently enjoys a good level of corporate business and strong weekend leisure demand.

Gavin Wright, director of Christie & Co, which is marketing the freehold of the hotel, said: "As part of the Dhillon Hotels group, the Paragon hotel benefited from investment and development, with improvements to public areas and bedrooms. This, plus its close proximity to the city centre and good leisure and corporate demand, should be attractive to a variety of investors."

Hugh Grant's Four Weddings hotel goes into administration >>

Dhillon Hotels to put £50m into Birmingham's Paragon >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
Â
The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

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.