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Eastbourne hotel sold to first-time buyers

20 July 2010 by

The 115-bedroom Hilton & Royal Parade hotel in Eastbourne has been sold for an undisclosed sum, off a guide price of £2.5m.

First-time buyers Dr Ram Aggarwal and his son, Ankur, have bought the property using funding provided by Barclays Bank.

Located on the Eastbourne seafront, the hotel has a 220-cover restaurant, newly refurbished bistro/coffee shop, lounge and two function rooms.

Ankur Aggarwal will run the hotel alongside the current management team.

"The Hilton & Royal Parade hotel offered a unique opportunity to acquire a well-established coaching business," said Matthew Smith, associate director at Christie & Co. "The quality of the business coupled with a comprehensive marketing strategy ensured that the hotel attracted a great deal of interest with multiple bids attached."

Mixed summer for seaside resorts >>

Landmark Eastbourne hotel changes hands >>

Learn to like to be beside the seaside again >>

By Janet Harmer

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Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


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