Holiday inn

Holiday Inn Express bets on Rightmove with £ 3.5million prize

A Holiday Inn hotel was listed on Rightmove for £ 3.5million.

The Holiday Inn Express Liverpool, located in Hoylake, Wirral, has 56 rooms with a bar and restaurant on the ground floor.

Christie & Co is overseeing the sale of the property which had an EBITDA of £ 344,973 during the year through the end of March 2020.

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According to the Rightmove list, the hotel also achieved sales of over £ 1million in the same fiscal year.

The three-story hotel, which also has conference and event facilities, also made a gross profit of £ 746,639 in the 12 months leading up to March 2020.

No financial figures have been released for its most recent year.

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The property is held on long-term title deed for 125 years from May 29, 2012, and has approximately 119 years remaining.

The Holiday Inn Express franchise is based on a 20-year term.

Christie & Co’s post on Rightmove read: “Our guests have owned and operated the hotel for several years and are now looking to move out.

“We believe this is an ideal opportunity for an experienced operator / investor to take over a branded hotel business ready to go.

“The operation is currently fully managed with a solid structure already in place with around 12 staff and eight hourly paid staff, but we have been advised that the current Managing Director will not be staying with the company after the sale. “

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