£35m price tag on Hallmark Hotel The Queen in Chester
Situated directly opposite Chester train station, the property is available free and clear of existing brand and management and offers extensive asset management and consented development opportunities.
The hotel is split across two inter-connected buildings – the original Grade II listed The Queen with 131 bedrooms and The Kings, a former office now housing 87 bedrooms.
Its city centre location, bedroom numbers and flexible meeting facilities attract strong levels of corporate business from a number of multinational companies located around Chester such as Unilever and Vauxhall.
The proximity to Chester train station and access to the major motorway network, coupled with the large on-site parking, maintains the hotel’s status as the preferred choice for meetings and events.
Nearby attractions such as Chester Racecourse, Chester Zoo and Cheshire Oaks Designer Outlet centre mean it is superbly located for leisure and tourist guests visiting the city.
Barrie Williams, Managing Director – Hospitality at specialist property adviser Christie & Co, said: “After receiving unsolicited bids, we advised management that the investor market for these types of hotels/locations remained strong.
“Hallmark Hotel The Queen Chester offers fantastic value enhancement and asset management opportunities to generate further revenue and profit for the business, some of which the owners are currently implementing and others which have the benefit of planning permission.
“We therefore expect the property to appeal to a wide range of buyers including those looking to purchase a single asset, to those looking to expand their current portfolio. We anticipate high levels of interest from national and international investors attracted to the UK market.”