Specialist property adviser Christie + Co has completed the sale of The Cavendish Hotel located in Eastbourne, one of the South Coast’s premier resorts.
Britannia Hotels has secured the freehold interest of the property for an undisclosed sum off a guide price of £5.5m.
The Cavendish is a profitable 4-Star hotel located on Eastbourne's charming Grand Parade with superb sea views across the 4.5 mile long seafront.
The elegant period building is presented in excellent condition and provides extensive conference and banqueting facilities, 119 guest bedrooms and a private car park.
Simon Stevens, Director at Christie + Co’s Head Office handled the sale, he comments: “The property attracted a great deal of interest resulting in a competitive bidding process with a deal ultimately being completed by Britannia Hotels.”
“This encouraging interest underpins buyers’ enthusiasm for profitable businesses in prominent locations.”
Britannia Hotels was founded in 1976 is now recognised as Europe’s largest privately owned hotel company operating 51 hotels and Pontins Holiday Parks. Britannia Hotels has also recently acquired 4 hotels to add to their ever expanding portfolio in the last month increasing their room stock to over 9,000 bedrooms.