Evans Randall brings Croydon Park hotel to market for £25m

Private equity company Evans Randall is seeking offers of at least £25m for the freehold of the Croydon Park hotel.

The four-star hotel in London is described has having "exciting hotel branding potential", extension of the hotel to expand further across the 1.54-acre site, and securing a future change of use to residential, subject to planning.

Kent Gardner, chief executive of Evans Randall Investors, said: "Given the uplift in Croydon's fortunes, including substantial investment in infrastructural and place making improvements, this well-performing asset is well placed for its next phase of life and offers a range of options for the incoming investor."

David Fraser, senior director of London Investment at CBRE, which represents Evans Randall, added: "Croydon provides an interesting and dynamic alternative to Central London and is now piquing the interest of a global audience thanks to the scale and quality of its regeneration."

Dalata sells leasehold interest in Croydon Park hotel >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).