Mansley Serviced Apartments acquires Strozzi Palace in Cheltenham

08 June 2017 by
Mansley Serviced Apartments acquires Strozzi Palace in Cheltenham

Mansley Serviced Apartments has acquired Strozzi Palace in Cheltenham, Gloucestershire off a guide price of £1.5m.

The Grade II-listed building was available on a freehold tenure and sold for an undisclosed price. Built in 1894, the Italian style façade is modelled on the 15th century Palazzo Strozzi in Florence.

The six-suite Strozzi Palace Boutique Suites, as it is now known, is fully self-contained.

Chris Irving of Fleurets brokered the deal. He said: "The Strozzi Palace sale is indicative of a new breed of accommodation coming to the marketplace and demonstrates Fleurets' capabilities to sell unusual and profitable boutique opportunities which may not be considered traditional hotels."

UK serviced apartment sector to expand by 13.1% in 2017 >>

UK serviced apartment occupancy rises in Q1 2017 >>

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