Specialist hotel property adviser Christie + Co has sold The Newark Hotel in Peterborough city centre following a competitive process, with funding arranged by sister company Christie Finance.
The Newark Hotel benefits from an established mix of leisure and corporate business all year round and is well-positioned for accessing Peterborough’s historical sites, leisure facilities and business areas. The hotel also offers a spacious bar, lounge, restaurant and a conference room which can accommodate up to 20 delegates.
Tim Gooding of Christie + Co’s Ipswich office transacted the sale. He comments: “Very rarely do private hotels of this scale come to the market in Peterborough, and as a result the hotel generated significant interest culminating in a sale to the new owners. We wish them all the best in their new venture.”