Trio of coastal hotels buoyed by new owners after £12.5 million sale

30 March 2017

The Duchy Hotel Group, represented by international real estate advisor Savills, has sold three hotels in Torbay to Fairtree Capital. The Headland Hotel in Torquay, The Palace Hotel and The Queens Hotel, both in Paignton, were sold for £12.5 million.
 
In total the hotels offer over 200 bedrooms and a range of bars, restaurants and spa facilities. Well regarded in the local area, the three hotels are used by locals and visitors alike for their dining and wedding packages and health and fitness facilities.
 
Martin Rogers, head of UK hotel transactions at Savills, comments: “The Duchy Hotels are three well established businesses in popular coastal locations. We are pleased to have secured the sale of these hotels for our client following a competitive but confidential marketing process. This represents yet another regional hotel purchase by an international investor, part of a growing number of global enquiries for regional assets procured through Savills global hotels team.”
 
Kitsons Solicitors and PKF Francis Clark acted for the vendor.

 
 

Key Contacts

Martin Rogers

Martin Rogers

Head of
UK Hotel Transactions

Savills Exeter

+44 (0) 20 7409 8039

 

James Greenslade

James Greenslade

Associate, Surveyor
Hotel Agency

Savills Exeter

+44 (0) 1392 455 719