The sale of leading Channel Island hotels Fermain Valley, Ziggurat and Braye Beach has underlined the strength of the luxury breaks sector, according to commercial property specialist Colliers.
The three properties have been purchased for an undisclosed sum by Hand Picked Hotels, after being marketed by Colliers as joint agents on behalf of the estate of the late Guernsey businessman Derek Coates, who died last year.
Paul Barrasford, director in the Hotels Agency team at Colliers, who negotiated the sales, said: “The purchase of these three privately owned and managed destination hotels by the acclaimed Hand Picked Hotels group has served to underline the strength of the luxury breaks sector.
“Fermain Valley, Ziggurat and Braye Beach are unique hotels which share in common their high quality offering to guests, and are able to meet the rising demand for luxury staycation breaks which we identified in our research paper UK Staycations 2021: A Year of Opportunities.
“They will fit perfectly into the Hand Picked portfolio of leading hotels across the UK and Channel Islands, each have their own distinctive individual characteristics, and provide luxurious settings in which guests can relax in style.”
The 49-bedroom four-star Fermain Valley Hotel, which occupies a clifftop position in St Peter Port, Guernsey, was sold off a guide price of £7.25 million. The hotel has a large terrace with stunning sea views, an indoor swimming pool and sauna, a private cinema, and also some of the island’s finest restaurants.
Ziggurat, a 14-bedroom Moroccan-influenced three -star hotel located on historic Constitution Steps in the heart of St Peter Port, Guernsey, was sold off a guide price of £1.8 million. Public areas include a restaurant and bar, terrace and garden, plus three garden beach huts.
Braye Beach, which was sold off-market, is the only four-star hotel on the island of Alderney. It has 27 bedrooms, plus a beach bar, a brasserie and a steakhouse, and is located directly beside its namesake beach.
CEO of Hand Picked Hotels Julia Hands commented: “We are delighted to have acquired these authentic destination hotels in Guernsey and Alderney which perfectly complement our existing resort hotels in the Channel Islands. Each of these hotels has a presence and a purpose within its community, and is supported by a passionate and dedicated team with exceptional local knowledge to inspire our guests on their island visit.”
