Christie & co bring to market profitable purpose-built hotel near Newcastle city centre
Specialist hospitality property adviser, Christie & Co is pleased to bring to market Metro Inns, a 63-bedroom, purpose-built hotel in Kenton Bank, Newcastle.
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Ideally positioned less than two minutes drive from the A1 motorway at the Kenton Bar Interchange, and halfway between Newcastle city centre and Newcastle International Airport, the hotel boasts excellent transport links and offers business and leisure guests alike an ideal base to explore the region.
The property belongs to a small group of hotels, which have been operated by a private owner for 15 years and reports solid profits of over £300k. However, a new owner may wish to undertake a refurbishment program to increase the ADR (average daily rate).
David Lee, Regional Director – Hotels North who is managing the sales process comments, “We are pleased to bring to market the Metro Inns hotel near Newcastle. With its central location and numerous income drivers that help to maintain healthy profits, the hotel is a real asset that is sure to be snapped up. Any interested parties should get in touch as soon as possible.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7448 8849 or E: bronte.hughes@christie.com
Contact the agent:
David Lee, Regional Director – Hotels
M: +44 7764 241 337 or E: david.lee@christie.com
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