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RBS to dispose of £14m Dragonfly Hotel portfolio

24 July 2015 by
RBS to dispose of £14m Dragonfly Hotel portfolio

The Royal Bank of Scotland is looking to dispose of five East Anglia hotels for around £14m.

It has appointed Colliers International to market the Dragonfly Hotel portfolio, which comprises 317 rooms across five hotels in the region.

Colliers said it would consider offers of a full portfolio sale as well as interest on a sub-group and individual basis.

Hotels within the portfolio include a 50-room King's Lynn hotel, a 50-room Colchester hotel, a 71-room Bury St Edmunds hotel, a 70-room Peterborough hotel and a 76-room Stevenage hotel.

Paul Barrasford, hotel agency director at Colliers International, said: "This is a fantastic opportunity to acquire an established hotel portfolio which offers prospective purchasers the opportunity to invest in and reposition the businesses.

"These properties are also ideal for an individual investor or private individual with a vocation for the hospitality sector. Given the current strength of the hotel market, we anticipate a strong level of interest in the portfolio."

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