CBRE Hotels appointed to sell Holiday Inn York

London, 18 October 2017 – CBRE has been appointed to sell the Holiday Inn hotel in York.  The 2.9 acre site is being offered for sale by Colony Northstar and Quidnet Capital and are seeking offers in excess of £15 million.

The three-star purpose built hotel includes148 bedrooms, a 160-space car park and is situated in the historic City of York, next to York Racecourse, and less than two miles from the city centre.

The hotel is let on a long unexpired term of 53.2 years to Kew Green hotels, who operate it under a Holiday Inn franchise agreement, has recently undergone a significant refurbishment.   Kew Green is a leading UK-based operator and the principal franchisee of Holiday Inn in Europe.

Simon Laight, Director, Portfolios and Special Situations, commented: “This is a very rare, long leased investment opportunity that will appeal to a wide range of investors from across the real estate spectrum.”

Marc Nelson, Director, CBRE Hotels, commented: “We are seeing a significant increase in interest for regional hotels and York is one of the best performing hotel markets in the UK. This coupled with the appeal of a long-term lease agreement we are anticipating high levels of demand”.

Follow the CBRE Dealflow link here to find the full marketing details of the Holiday Inn York opportunity .

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2016 revenue).  The company has more than 75,000 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.cbre.com.