The Greyhound Hotel, a popular wedding venue between Manchester and Liverpool, is being offered for sale by the specialist hotels team at real estate advisors Colliers International.
Acting on behalf of owners Here For You Hospitality Ltd, Colliers is inviting offers in the region of £2.95m for the hotel and restaurant in Leigh, Lancashire, with 74 en-suite bedrooms, leisure facilities including a gym, sauna and swimming pool, banqueting and meeting rooms and parking for 135 vehicles.
The Greyhound, which achieved a turnover of £1.48m in the year-ended 31st December 2017, attracts both residents and local people to its pub and restaurant, has strong external membership of its leisure facilities, and is a popular venue for weddings and events.
The hotel provides a great deal of trading potential given its location and popularity, with various opportunities to increase trade through more aggressive marketing, targeted refurbishment and potential branding opportunities.
Located adjacent to the roundabout at the intersection of the busy A580 East Lancs Road and Warrington Road with an average car count of 50,000 per day, the hotel offers easy access to the M6, city centres of Manchester and Liverpool and their international airports and nearby attractions including Leigh Sports Village and Haydock Racecourse, the busiest racecourse in the UK with all-year steeplechase and flat racing.
Julian Troup, head of UK hotels-agency at Colliers International, is managing the sale on behalf of Here For You Hospitality Ltd and said: “The property is in an outstanding location, being highly visible on the A580 between Manchester and Liverpool, with a high bed stock and full leisure offering. It presents an excellent opportunity to a corporate or private buyer seeking a large commercial hotel in a very busy trading location.”