7/29/2019 | Hotels

Oxford hotel sold through Christie & Co to experienced hotel developer

The Victoria Hotel, a well established hotel in Oxford, has been sold through specialist business property adviser, Christie & Co, to an experienced hotel developer.

The hotel features a reception lobby, commercial kitchen, large dining room, bar, 16 en suite bedrooms, three reception rooms, plus three bedroom owner’s accommodation. Externally, there is a private garden and parking for approximately 15 vehicles. The hotel offers fantastic potential to increase occupancy and introducing additional letting rooms.

Situated near Oxford city centre and with easy access to the Oxford Ring Road and A34, this hotel is ideally located to capture the Oxford tourist trade, university visitors and business travellers, due to the many business parks in South Oxford.

The Parojcic family owned and operated The Victoria Hotel for over 40 years, during which time the family hotel has enjoyed a successful business operation with a strong local reputation. Following the decision to sell in order to retire from the sector, Milos Parojcic comments, “The family have really enjoyed running The Victoria Hotel for over 40 years and whilst we are sad to be leaving, we are very pleased that Tom Orchard from Christie & Co has found a buyer who will take the hotel to the next level and continue the success.”

New owner and experienced hotel developer, Ede Group has previously developed and owned hotels in around Oxford, including The Principal Oxford Spires Hotel. Director, Daniel Ede comments, “I am thrilled to have purchased The Victoria Hotel and we have some exciting plans in the coming months. This purchase continues the group’s effort to increase our hotel division, both on the development and operational side.”

Tom Orchard, Business Agent at Christie & Co’s Reading office, handled the sale and comments, “The Victoria represented a wonderful opportunity to acquire a successful business in Oxford. This is an exciting purchase for the Ede Group and I have no doubt they will continue to grow the business and maximise the potential. It’s been a pleasure to work with them and I wish them all the best with this new venture.”

The Victoria Hotel was sold off a freehold asking price of £2,000,000.