The Best Western-branded Banbury House Hotel boasts 64 stylish bedrooms which are driving rising revenues. The hotel is being marketed at a cool £2,600,000 – freehold.
Colliers International hotels director Peter Brunt said Banbury House was well located in a particularly affluent area generating year-round trade.
“This comes not only from the many businesses that are attracted to the town by its position adjacent to the M40 but also from weekend and leisure trade.
“Banbury is an attractive and interesting destination in its own right but also serves as a wonderful base to tour the surrounding countryside – surely some of the most lovely in England.”
The listed Banbury House Hotel dates from around 1850 and offers a spacious reception lounge, an air conditioned restaurant for 40 covers alongside a contemporary bar and three function rooms with a combined banqueting capacity of 150.
There are three meeting rooms and 64 letting bedrooms to sleep 125 comprising 34 double/queen or king sized rooms, 10 single, 12 twin, three triple, two quad and three suites.
Peter Brunt said the opening of the M40 in 1990 had opened up the hotel’s business role.
“Banbury is a bustling market town in its own right but it is also regarded as a strategic stop on the route from Birmingham to London via Oxford.
“This access to the motorway network has led to rapid expansion in recent years. Our clients bought the hotel in 1994 and have developed the trade over the years, moving it away from functions and aiming for the more profitable rooms trade.
“They have now reached the point where they have decided to retire although they will continue to operate the apartments letting business that they also have in Banbury.”
Colliers International’s hotels team has scored a number of successes on landmark properties including the Highway Inn and Burford Lodge in Burford and the Shaven Crown at Shipton under Wychwood with the Bell Inn, The Royalist Hotel and neighbouring Grapevine in Stow.