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.

READ MORE: B&M to hand over £ 250million to shareholders after ‘continued strong performance’

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.



Newsletters by email

BusinessLive is your home for business news from the North West and you can stay in touch with all the latest news from Greater Manchester, the Liverpool City area, Cheshire, Lancashire and Cumbria through our email alerts. .

You can sign up to receive daily morning newsletters from every region we cover and weekly email newsletters covering key economic sectors, from manufacturing to technology and business. And we’ll send out last minute alerts for any stories we think you can’t miss.

Visit our messaging preference center to sign up for all the latest BusinessLive news.

LinkedIn

For all the latest stories, views, polls and more – and news as it goes – follow our BusinessLive North West LinkedIn page here.

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. “


Source link