London Docklands hotel opportunity to go to best bids amidst record level of interest received by broker Christie & Co
On behalf of joint administrators, Ian Corfield and Simon Carvill-Biggs of FRP Trading Advisory Limited, specialist business property adviser, Christie & Co has been marketing the hotel which is currently trading as the Hampton by Hilton, London Docklands.
The purpose built, 209-bedroom hotel is in the Docklands area of London, close to the ExCeL Exhibition Centre and London City Airport, making it a popular choice for business travellers. Each year the ExCeL Centre hosts over 400 events, welcoming 40,000 exhibiting companies and over 4 million people, providing a substantial boost to the area.
The property enjoys excellent transport links to central London with the Royal Albert and Prince Regent DLR stations just a short walk away. Custom House station is also close by, connecting the hotel to both the DLR and Elizabeth Line.
Subject to relevant approvals and consents, there is potential to create 10 additional bedrooms, presenting an exciting development opportunity to the new owner and operator.
Expressions of interest are invited on the basis of an acquisition of the existing lease or grant of a new lease with hotel management agreement, subject to all necessary consents and approvals.
Craig Millward, Director – Corporate Hotels at Christie & Co is managing the process and commented, “We have seen a very high level of interest in this asset which is reflective of the demand from hotel owners and operators for quality assets and the ongoing recovery in the market. This hotel has recovered strongly from the Covid pandemic trading period and offers excellent underlying fundamentals – good critical mass, a purpose-built, branded product with strong cash flow, and additional asset management opportunities. We expect a very positive outcome from the process.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
M: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Craig Millward, Director – Corporate Hotels
M: +44 7791 174781 or E: craig.millward@christie.com
Sebastian Wright, Broker – Hotels
M: +44 (0) 7795 656063or E: Sebastian.Wright@christie.com
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