London hostel operator buys hotel in Forest Gate
19 December 2008 by Angela Frewin
The operator of several London hostels has bought the St Andrews hotel in East London off a £1.5m guide price.
The property, which is registered as a ‘Houses in Multiple Occupation' building and derives its business from local authority referrals, is located in Forest Gate on the busy A118 Romford Road into London.
The two inter-connecting three-storey buildings provide 27 bedrooms, nine shower rooms with WCs, 11 separate WCs, seven kitchens and a communal breakfast room.
The Enfield office of Christie + Co sold the freehold for the vendor, who felt the property did not fit alongside his portfolio of hotels that trade under the Holiday Inn, Best Western and EasyHotels brands.
By Angela Frewin
