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Courtyard by Marriott London Gatwick for sale

13 January 2011 by
Courtyard by Marriott London Gatwick for sale

The flagship Courtyard by Marriott hotel in the UK at Gatwick Airport has been put up for sale.

Kew Green Hotels, a privatly owned company that owns and operates 20 branded hotels in the UK, has instructed CBRE Hotels to market the 218-bedroom property, which opened in April 2009.

The hotel has been developed in line with Courtyard by Marriott standards and includes a restaurant, bar, business centre, fitness centre and parking for around 150 cars.

Paul Johnson, chief executive officer of Kew Green, said that the hotel was a high-quality branded property in an unrivalled location at Gatwick's South Terminal. "Since we opened last year demand has boomed and the hotel now achieves about 90% occupancy year round," he said.

"Demand for high-quality assets like this is very strong and following expressions of interest from a number of parties, we have decided to market the hotel through CBRE Hotels."

The sale of the hotel will be subject to the franchise and related agreements with Marriott International.

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By Janet Harmer

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