Historic Harrogate hotel put up for sale
A landmark North Yorkshire hotel that has catered for an international clientele of spa town visitors since the turn of the 19th century is up for sale.
The Majestic Hotel in Harrogate is one of a portfolio of 10 regional UK hotels, known as Project Solstice, that has gone on sale for a total guide price of £130m.
Boasting 170 bedrooms, the Victorian-style Majestic first opened in 1900 at the height of Harrogate’s prosperity and it capitalised then on the town’s hugely popular baths, located a short distance away.
It is set within eight acres of private gardens and has become a four-star establishment with a health club, a restaurant, two bars and 15 conference rooms catering for up to 500 delegates.
Other hotels being included in the sale are: The Old Ship Hotel, Brighton; The Redworth Hall Hotel, County Durham; The Imperial Hotel, Torquay; The Billesley Manor Hotel, Stratford-upon-Avon; The Imperial Hotel, Blackpool and The Shrigley Hall Hotel, Golf and Country Club, Macclesfield.
In Scotland and Wales, the portfolio includes The Stirling Highland Hotel, Stirling; The Aberdeen Altens Hotel, Aberdeen and The Angel Hotel, Cardiff.
Altogether, the hotels have a combined total of 1,433 bedrooms and 111 meeting rooms. They produced a total revenue of £48m last year.
The properties are being represented on the market jointly by agents Savills and Rothschild.
Martin Rogers, head of UK hotel transactions at Savills, said: “We are pleased to be bringing this significant collection of hotels to market. The distinctive heritage and character of each property has been maintained while generating a robust collective income. The portfolio also offers numerous value-add and asset management opportunities to further enhance the long term revenue.”