Shepherd Cox acquires the Comfort Inn Manchester North off £2m guide price

THE Comfort Inn Manchester North in Middleton has been acquired by property group Shepherd Cox off a guide price of offers over £2 million.

The 42-bedroom purpose built hotel situated two miles from Junction 19 off the M6 and close to Heaton Park was sold by real estate advisory firm GVA.

Martin Davis, Director of GVA’s Hotel and Leisure Team in the North who brokered the deal, said: “The hotel is well positioned to take advantage of busy mid-week corporate trade as well as weekend leisure business.

“The deal was arranged by way of a low key, confidential marketing campaign which demonstrates the continued demand for quality hotel assets in the North of England.

“This style of transaction may be of interest to hotel owners who would like to consider selling their assets but are concerned of the effect that the process of finding a buyer may have on business.”

GVA acted on behalf of its clients, who are based in the South East of England and sold the hotel for strategic reasons with plans to grow their hotel business in other locations.

Nick Carlile, Director of Shepherd Cox, said: “We are delighted to add the Comfort Inn Manchester North as the 18th hotel to our portfolio.

“It is well positioned and offers opportunities to increase the business through strategic occupancy and rate management. We are continuing our sourcing of attractive hotel assets with our agency partners.” @copy NewspaperTimes - All rights reserved