The Holiday Inn Corby is an impressive purpose built commercial hotel with 105 well-appointed bedrooms. The hotel also provides a wide range of meeting facilities and three excellent restaurants and a full leisure facility and is located in an excellent position near the A1 and A14.
The intention of the purchasers is to retain the franchise agreement and continue to operate the hotel as an upgraded Holiday Inn following an extensive refurbishment programme.
The purchasers have appointed Starboard Hotels to run the hotel for them under a management agreement.
Julian Troup, Head of UK Hotels Agency at Colliers International commented:
“This is further evidence of an active provincial hotel transactional market - we sold over 90 hotels throughout the UK during 2012 and we are already seeing a healthy demand continuing into 2013. The hotel generated considerable interest and the strong brand gave comfort to the buyers to retain with the IHG franchise agreement. Hotels still offer a sound investment and real estate opportunity and we continue to attract companies interested in larger hotels and private buyers entering the trade for the first time”