The Caterer

Brighton hotel sold for £3m

05 December 2005
Brighton hotel sold for £3m

Brighton's Best Western Hotel has been sold for £3m to property investment company Bond Street Estates (BSE).

The 52-bedroom property on the Brighton seafront was bought as a going concern from Fine Southern Hotels.

BSE has agreed a lease with current operators Vienna Hotels to continue managing the hotel.

The deal is BSE's second hotel in Brighton and marks the company's re-entry into the hotel investment market.

BSE's managing director Mark Wogman said: "We have previously had a few other hotels throughout the county. We have decided to re-enter the hotel market and the Belgrave and the Brighton are our first two ventures. There could be more."

Vienna manages four hotels in Brighton and others in London and Birmingham. Property agents, Knight Frank handled the deal.

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
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!