Acting on behalf of a private client, Colliers International has sold The Charlecote Pheasant Hotel near Stratford-upon-Avon.
The property (leased to Shearings, one of the country’s leading coach holiday tour operators Ltd with some 52 hotels in the UK) has been sold for an undisclosed sum to Hillview Real Estate; a private UK real estate investment company.
In addition to 69 letting bedrooms, the hotel comprises a smart restaurant, seven conference suites, outdoor swimming pool, children’s play area, tennis court and four acres of field for outdoor and corporate events.
Paul Barrasford, Director of Hotels Agency, said “The hotel occupies a superb trading location, being just across from the beautiful Charlecote Park and Gardens and, of course, the ideal base for those visiting historic Stratford-upon-Avon. A combination of the ongoing recovery of the wider transactional market for UK hotels, fantastic trading location and attractiveness of a long lease to such an established group (and their well- known brand) all resulted in the property generating a considerable level of interest from hotel investors."