The Holiday Inn, located in Warmsworth, Doncaster, has been sold by Colliers International’s Hotels Agency team on behalf of Marathon Asset Management for £6.5 million, to Westgate Healthcare, which is expanding into the hotel market.
Located across a 6.8-acre site, three miles from Doncaster city centre, the 102-bedroom property has extensive public areas and outdoor patio/garden space. The property is set out over three main buildings including the Grade II* listed Warmsworth Hall, which was built in 1702 by John Battie of Warmsworth. The site of the current hall has evidence of settlement dating back to the Roman era.
During World War I, the Hall firstly became occupied by English Army Officers and later German prisoners of war. It fell into disrepair and neglect until local optician, Mr. Hebditch, brought the property in 1945. With great expense, the building was restored to its former glory with the Hebditch family residing until 1960.
Julian Troup, Head of Hotels Agency at Colliers International said: “Considerable interest was expressed for the freehold sale of this hotel, which follows a pattern of increasing demand for U.K. provincial hotels, particularly for global branded stock. We are seeing an emerging trend of increased demand for quality provincial hotel opportunities from a diverse buyer set, including international investors, who have been attracted by weaker sterling and improving trading prospects; private buyers attracted to the benefits of a lifestyle opportunity to corporate investors attracted to favourable returns and real estate alternatives. Since the beginning of 2016, over 10 per cent of U.K. hotel sales completed by Colliers were to international buyers.
“The Patel family of Westgate Healthcare join an increasing list of a successful healthcare operators who have chosen to diversify into the hotel market. Operational synergies and reduced regulatory matters see hotels offering an attractive alternative.”
The hotel also boasts 14 meeting rooms; a gym; indoor pool; Jacuzzi; spa and steam room. In addition, it benefits from excellent accessibility, as it is close to the motorway, Doncaster railway station is within a 10-minute drive and Robin Hood Airport is less than 10 miles from the location.
Leisure guests are also well catered for with Doncaster’s famous racecourse, home to the popular St Ledger Stakes each year; the substantial Dome Leisure Centre; Doncaster Minster and Doncaster Museum and Art Gallery within 10 minutes’ drive; and Yorkshire Wildlife Park, Conisbrough Castle, Brodsworth Hall and Cusworth Hall Museum all within easy reach.
The property is available with a new franchise agreement to enable the hotel to continue benefitting from the internationally renowned Holiday Inn brand. The hotel originally entered the ‘IHG’ system under the Holiday Inn brand in 2005.