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Eastbourne's Hadleigh hotel bought by Milad Shehata for £2m

23 June 2016 by
Eastbourne's Hadleigh hotel bought by Milad Shehata for £2m

Local hotel operator Milad Shehata has bought the Hadleigh hotel in Eastbourne for around £2m as part of plans to expand his operations in the resort.

The deal, brokered by leisure property specialist Fleurets, sees Shehata add a second hotel to his Eastbourne portfolio, just one year after buying the Afton hotel.

The Hadleigh, which is close to Eastbourne's seafront, has 62 beds and a dining room with approximately 120 covers.

Trading as a traditional seaside resort hotel, the Hadleigh was run by a local family for around 20 years and more recently by a hotel management operation.

Fleurets agent Nick Earee said: "Our marketing generated a great deal of interest and just goes to show there is a good level of demand for sizeable and well-run hotels in Eastbourne. Following the sale of the Congress hotel late last year, there does tend to be a trend of this type of hotel appealing to London-based operators."

Earee told The Caterer that interest in hotel property in Eastbourne was strong because of the "opportunities to grow the business and because property values are still increasing in the area, unlike other areas where property prices really have reached their limit."

He added that Eastbourne's seafront was also undergoing a regeneration, with the town's pier, which was badly damaged by fire in July 2014, recently bought by local hotel owner Sheikh Abid Gulzar.

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