Imperial hotel Blackpool given £10.5m guide price
The Imperial hotel in Blackpool is on the market for a guide price of £10.5m as part of the sale of Lone Star's Hotel Collection portfolio.
Ten of the group's hotels are being marketed jointly by Savills and Rothschild, known as ‘Project Solstice', for a combined total of £130m. This is the first individual hotel price to be announced.
The four-AA-star, 180-bedroom Imperial hotel features a restaurant, bar, health club and 14 conference rooms catering for up to 600 delegates. The property dates back to the 19th century and has played an important role in Blackpool's history, serving as a hospital for shell-shocked officers in World War I and as the Ministry of Agriculture, Fisheries and Food in World War II. The Grade II-listed hotel has hosted Charles Dickens, Winston Churchill, Fred Astaire, the Beatles, Princess Margaret and Princess Anne since it launched in the 1860s.
Brownsword Hotel Group snapped up the group's 152-bedroom Imperial hotel in Torquay for an undisclosed sum last month, the first hotel of the 10 to be sold. Previously known as Puma Hotels, the Hotel Collection was made up of 21 hotels at the time the group was acquired by Lone Star Funds in June 2014.
The ‘Project Solstice' portfolio also includes the Majestic hotel, Harrogate; the Old Ship hotel, Brighton; the Redworth Hall hotel, County Durham; the Billesley Manor hotel, Stratford-upon-Avon; the Shrigley Hall Hotel, Macclesfield; the Stirling Highland hotel, Stirling; the Aberdeen Altens hotel, Aberdeen and the Angel Hotel, Cardiff.
Martin Rogers, head of UK hotel transactions at Savills, said: "The Imperial hotel is a true reminder of Blackpool's Victorian heyday, combining 19th century opulence and glamour with contemporary style and modern facilities. The successful restaurant, with health club and conference facilities, means it offers prospective new owners several income streams."
Brownsword Hotel Group snaps up Imperial hotel Torquay >>
Ten Hotel Collection properties go on market >>
Hotel Collection group of 10 properties to be sold >>
Latest video from The Caterer
