Britannia Hotels acquire £5.5m Eastbourne hotel

04-Aug-2015 - Last updated on 05-Aug-2015 at 13:48 GMT

The Cavendish Hotel in Eastbourne has been on the market for £5.5m

Britannia Hotels is continuing to expand after a difficult few years for the group, and has acquired The Cavendish Hotel in Eastbourne for around £5.5m.

The operator, named 'worst hotel chain in the UK’ by a Which? consumer survey for the past two years running, has added the 119-room seafront site to its growing portfolio.

It is the fourth hotel acquired by the group this year, which is the largest privately owned hotel company in Europe.

Britannia Hotels' total estate now stands at over 9000 bedrooms across 51 hotels and Pontins Holiday Parks.

Specialist property advisors Christie + Co handled the sale.

Simon Stevens, director at Christie + Co’s Head Office, said: “The property attracted a great deal of interest resulting in a competitive bidding process with a deal ultimately being completed by Britannia Hotels.

“This encouraging interest underpins buyers’ enthusiasm for profitable businesses in prominent locations.”