Christie & Co sells prominent Bristol hotel
Specialist property adviser Christie + Co has sold the Radisson Blu, Bristol, on behalf of evolve Fund Services, as investment manager of the St Mary Fund.
Significant interest was generated in the impressive 17 storey contemporary landmark hotel, centrally located next to the city’s scenic harbour and convenient for the city’s commercial areas, historic centre, waterfront, entertainment venues and key attractions and culminated in an investment sale with the benefit of an operating agreement with Rezidor Hotel Group to an overseas investor.
The hotel features 176 guestrooms featuring three different design styles, many with floor to ceiling windows offering views of the city and harbour side and including 5 top floor duplex suites with a south facing terrace. The hotel also offers a dedicated conference / events floor with 5 rooms and substantial break out /reception area with an external terrace overlooking Broad Quay, Reception, Lobby Lounge, Restaurant, Lounge Bar with views over the city’s waterfront and residents Fitness Suite.
Christie + Co’s Director and Head of Investment, Jonathan Parrish comments: “Bristol is the business, education and cultural centre of the South West of England and is a key provincial hotel market. It is also one of the UK’s leading tourist destinations, whilst over 160 companies have established national HQs in Bristol resulting in both tourism and business use for the hotel. As a result the sale of the Radisson Blu Bristol attracted high interest particularly as there is potential to expand the hotel facilities creating additional revenue generating areas such as a spa or additional guestrooms within adjoining vacant space.”