Property News Landmark Newcastle Hotel hits the market

Vermont Hotel

Colliers International and Christie + Co have been appointed as joint agents on the high-profile sale of the landmark Vermont Hotel in Newcastle city centre.

Formerly the Northumberland County Council Headquarters, the Vermont opened for business in 1993 and has received numerous awards since opening and trades as an AA 4 star hotel operated under direct management.

The hotel was developed by the current owners the Lincoln Group, a private company with hotel and leisure interests, from this landmark building, strategically located in the centre of Newcastle City centre adjacent to the Newcastle Law Courts (Moot Hall) and Newcastle Castle.

Julian Troup, Head of UK Hotels Agency at Colliers International commented: “This is an outstanding high profile hotel instruction that has unsurprisingly attracted a considerable amount of interest from the short list of targeted buyers that were initially approached in a confidential fashion.

“The hotel is being made available due to the impending retirement of the owner of the hotel whose group also own the Baltimore Hotel Middlesbrough and the Portland Hotel Hull.”

Colliers International is inviting offers in excess of £9m for the hotel. The Baltimore and Portland Hotels are also on the market through Julian Troup at Colliers International and Jonathan Parrish at Christie + Co.