CI Traders to leave hotel market

09 October 2007 by
CI Traders to leave hotel market

CI Traders, the retail and leisure conglomerate, has signalled its intention to leave the hotel market by placing the St Pierre Park Hotel and La Trelade in Guernsey up for sale for nearly £19m.

The four-star St Pierre Park is the largest hotel on the island with 131 bedrooms and is on the market for £15m.

La Trelade, a period building with 45 bedrooms, has been priced at ₤3.9m by property agents DTZ and Barnes Daniels and Partners (BDP), which are handling both sales.

Richard Candey, director of DTZ, said: "The opportunity presented by St Pierre Park Hotel is quite unique considering its pre-eminent status and that it is set in 35 acres of parkland. This is a rare offering on the island."

Richard Barnes, director of BDP, said there has already been "significant interest" in both properties.

CI Traders reports a disappointing year >>

Weak performance of Guernsey hotels hurts CI Traders >>

Mixed performance at CI Traders hospitality division >>

By Daniel Thomas

E-mail your comments to Daniel Thomas]( Traders to leave hotel market) here.

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