The Caterer

Crowne Plaza Cambridge on market for £35m

09 August 2011 by
Crowne Plaza Cambridge on market for £35m

The four-star, 198-bedroom Crowne Plaza Cambridge has been put on the market for £35m after its former owner, the Quinn Group, went into administration.

Situated in the centre of the city, with many of the university colleges within walking distance, the hotel is being marketed by Christie & Co, on behalf of administrators Grant Thornton.

It incorporates the Bloomsbury restaurant, a gym and more than 3,500sq ft of meeting space. Alex Campbell of Christie & Co said that the hotel provides a great base from which guests can explore the city.

"This, along with the limited supply of hotel accommodation in the city centre, makes the Crowne Plaza an excellent, and unique, opportunity for existing operators and new investors who are prepared to make some investment in bringing guest facilities up to modern standards."

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By Janet Harmer

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