CBRE Hotels advises Colony Northstar on the sale of Holiday Inn, York for GBP15.3 million

CBRE has advised Colony Northstar, a leading global real estate and investment management firm, on the sale of the Holiday Inn Hotel in York to Rockspring for GBP15.3 million

​London, 2 May 2018. CBRE has advised Colony Northstar, a leading global real estate and investment management firm, on the sale of the Holiday Inn hotel in York to Rockspring for £15.3 million.

The purpose-built hotel includes148 bedrooms and is situated in the historic City of York, next to York Racecourse.

The hotel which is operated by Kew Green under a Holiday Inn franchise agreement has recently undergone a significant refurbishment and is on a long unexpired term of 53.2 years. Kew Green is a leading UK-based operator and the principal franchisee of Holiday Inn in Europe.

Marc Nelson, Director, CBRE Hotels, commented: “This transaction underpins the positive sentiment among investors in the UK’s regional hotel market and the appeal of long-term lease agreements.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbrehotels.com.