JLL Hotels & Hospitality Group has been appointed on an exclusive basis to offer for sale the long leasehold interest of the Crowne Plaza Basingstoke located in Hampshire.
Investment Highlights
- Opportunity to acquire a high quality fully refurbished hotel in the largest town in Hampshire
- 4-Star Crowne Plaza Basingstoke comprises 140 spacious bedrooms, restaurant, lounge bar, nine meeting rooms, club lounge and substantial car parking for 156 vehicles
- Located in Basingstoke, a key corporate market and only a 45-minute train journey to London
- The hotel is within a 30-minute drive from Heathrow Airport (78 million passengers in 2017)
- Excellent meeting and events space, popular with both the local corporate and the leisure markets
- The hotel benefits from a franchise agreement with IHG under the Crowne Plaza brand expiring in 2036
- Additional facilities include a fully equipped gymnasium, steam room, sauna and treatment rooms
- Presents buyers the opportunity to acquire the asset unencumbered from management, providing prospective purchasers complete operational flexibility
- Powerful global brand and reservation system - the hotel benefits from a franchise agreement with IHG, providing robust levels of corporate and leisure business through Holidex system
Price
On application.