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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