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First-round offers invited for 15-strong Menzies Hotel

19 August 2013 by
First-round offers invited for 15-strong Menzies Hotel

A deadline has been set for first-round offers for the 15-strong Menzies Hotels group, three months after its parent company Cordial Hotels went into administration.

Property group Christie + Co, which is handling the sale, said that the portfolio of predominately four-star hotels - including properties from the 18-bedroom Flitwick Manor in Woburn to the 212-bedroom Menzies Aberdeen Airport - has been achieving "impressive" growth in sales and profitability during 2013.

A price tag of around £100m has been suggested as a guide price for the group, which has seen around £7m being invested in upgrading its hotels over the past two years.

Jeremy Jones, director of corporate hotels at Christie + Co, said: "The response of the market to the availability of Menzies Hotels has been highly encouraging. This is an excellent opportunity to acquire a profitable hotel group which provides an excellent platform for further expansion."

The deadline for first-round offers for the group, which includes a freehold head office in Mickelover, Derbyshire, is Friday 6 September.

The full portfolio of Menzies Hotels, made up of sic leasehold or partially leasehold and nine freehold properties, includes:

  • Menzies Aberdeen Airport, Dyce
  • Menzies Birmingham, Stourport Manor
  • Menzies Birmingham City, Strathallan
  • Menzies Derby, Mickleover Court
  • Menzies Cambridge
  • Menzies Glasgow
  • Menzies Irvine
  • Menzies London Chigwell, Prince Regent
  • Menzies London Gatwick, Chequers
  • Menzies London Luton, Strathmore
  • Menzies Stratford-upon-Avon, Welcombe
  • Menzies Swindon
  • Menzies Woburn, Flitwick Manor.

New owner sought for Menzies Hotels for around £100m >>

Menzies Hotels goes into administration >>

Menzies Hotels undergoes a brand refresh >>

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