Cambridge's Hotel Felix on the market for £8.5m

Jeremy Cassel has put Hotel Felix in Cambridge on the market seeking offers in excess of £8.5m.

Cassel bought the Victorian villa in 1992, opening the property as a 52-bedroom hotel in November 2002. He has operated the four-AA-star property under Cassel Hotels since, alongside sister property the Grange hotel in York.

The venue also has three dining facilities catering for a combined 200 covers on site, including the two-AA-rosette Graffiti restaurant, the Orangery, and the seasonal Garden Terrace. Planning consent was granted earlier this year for an extension to provide a further 16 bedrooms and new reception area.

The freehold of Hotel Felix is available with no third-party management for offers for 100% of the issued share capital of the company. The hotel has been brought to market in a joint instruction through Christie & Co and Knight Frank.

Henry Jackson of Knight Frank said: "The hotel is currently owned by Cassel Hotels, and is available for the first time in its history, as the owners are looking for a new purchaser to drive the business forward."

Jeremy Jones at Christie & Co added: "The Hotel Felix represents a unique opportunity for an investor to acquire a substantial, unencumbered freehold hotel in Cambridge, one of the most sought after hotel markets in the UK. With significant asset management and value enhancement options, we anticipate a strong level of interest from domestic and international purchasers."

Cassel to open Hotel Felix in Cambridge >>
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