Rare opportunity to acquire a freehold hotel in the city of Cambridge
Hotel Felix is a substantial Four Star boutique hotel situated in Cambridge and has been brought to market in a joint instruction through specialist business property adviser Christie & Co and global property consultancy Knight Frank LLP.
Presenting a unique, freehold hospitality opportunity in one of the UK’s most desirable locations, Hotel Felix operates from a substantial Victorian Villa property together with landscaped grounds which was fully renovated in 2002 with the addition of 52 high quality guest bedrooms. The business provides plenty of scope to expand, with planning consent granted in 2018 for an extension to provide a further 16 bedrooms and new reception area.
Ideally located to capitalise on the growing corporate demand in and around Cambridge from which the hotel benefits, the hotel is also perfectly suited for weddings and events. Hotel Felix offers spacious, attractive gardens, including a gazebo, plus four flexible function rooms. Food and beverage streams of the business are robust, with three dining facilities catering for a combined 200 covers on site: the 2 AA Rosette Graffiti Restaurant, the Orangery, and the seasonal Garden Terrace all of which are available for private hire. To compliment this there is extensive on site car parking.
The hotel’s location in the thriving city of Cambridge means it is perfectly placed to capture trade from the seven million tourists who visit each year, plus visitors who are drawn to the cultural, business and leisure aspects. The hotel is also within close proximity to the World Class Universities in Cambridge, and the city is one of the leading economies in the UK. Cambridge continues to grow, as it becomes a destination for cutting edge research and development for a multitude of international companies and academic institutions.
Hotel Felix is ideally situated North of the city, and within the North West Cambridge Development vicinity which is a substantial 150 hectare development by the University of Cambridge, incorporating new homes, accommodation for post graduate students, and some 100,000 sqm of academic research and development space. The hotel is within easy reach of the A14 and M11 leading to all major motorway links.
Cambridge has excellent links to central London with a direct train service from London Kings Cross to Cambridge in 50 minutes.
Hotel Felix consistently achieves high occupancy and levels of trade from a strong corporate and leisure base. Henry Jackson of Knight Frank LLP comments, “The hotel is currently owned by Cassel Hotels, and is available for the first time in its history, as the owners are looking for a new purchaser to drive the business forward.”
Jeremy Jones at Christie & Co comments, “The Hotel Felix represents a unique opportunity for an investor to acquire a substantial, unencumbered freehold hotel in Cambridge, one of the most sought after hotel markets in the UK. With significant asset management and value enhancement options, we anticipate a strong level of interest from domestic and international purchasers.”
The freehold of Hotel Felix is available with no third-party management for offers, in excess of £8,500,000, for 100% of the issued share capital of the company.