Three Hampton by Hilton hotels up for sale

By Luke Nicholls

- Last updated on GMT

Related tags: Hilton hotels, Hotel

Hampton by Hilton’s 90-bedroom hotel in Birmingham
Hampton by Hilton’s 90-bedroom hotel in Birmingham
Hampton by Hilton, Hilton’s budget hotel brand, is selling off three of its hotels in Braintree, Shrewsbury and Birmingham.

The trio, comprising a total of 241 bedrooms, are being marketed as group, sub-group and individual assets.

The hotels are being marketed by CBRE Hotels, on behalf of KPMG, the administrators for Osborn Securities Limited.

Daniel Woodcock of CBRE Hotels said: “The weak appetite within the debt markets means the challenges and costs involved in order to develop a product of this specification would be higher than the guide price on these hotels.

“This, coupled with Hilton’s substantial growth plans for the Hampton by Hilton brand, creates the ideal opportunity for an investor to buy at the perfect time in the property cycle and enjoy excellent returns going forward.”

Hampton by Hilton is a premier budget offering which first entered the UK market in 2008. There are currently eight Hampton by Hilton hotels across the UK with a further 12 expected to open in the next 12 to 18 months.

Related topics: Business, Hotels, Venues

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