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Birmingham Post
Birmingham Post
Business
Jon Robinson

Asking price of £3.5m given to hotel near former university campus

A hotel near a university campus has been given an asking price of £3.5m.

The Holiday Inn Express in Macon Way, Crewe, is being marketed by Christie & Co's Manchester office, according to the Rightmove listing.

The hotel includes 64 bedrooms while its bar and restaurant has space for 50 covers.

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The three-storey property is located near Crewe train station and the former Manchester Metropolitan University Cheshire campus.

Major businesses that are based in the town include AstraZeneca, Bentleys Motors, Barclays and Network Rail.

A Christie & Co sales brochure said: "Our clients have owned and operated the hotel for a number of years and are now looking to exit.

"We feel this is an ideal opportunity for an experienced operator/investor to take over a ready to run branded hotel business.

"The operation is currently fully managed with a strong structure already in place.

"The hotel produces a high turnover, with strong occupancy levels. Income is derived from a variety of revenue streams."

The Holiday Inn Express franchise is based on a 20-year term that started in September 2012.

According to the Christie & Co sales brochure, the hotel's turnover totalled £978,623 in 2020 while its gross profit was £694,925.

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