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17 November 2009
Knight Frank has been appointed the sole and exclusive adviser to Splendid Hotel Group in the sale of two award-winning Holiday Inn properties in London - London Camden Lock and Holiday Inn - London Brentford Lock.
Both luxurious properties occupying attractive canal-side locations will be sold free and clear of any existing management but subject to the Holiday Inn franchise. They may be acquired individually or as a pair.
“Hotel and Resort Property market of London was the first to recover after the crisis and is expected to grow in the nearest years, - states Elena Yurgeneva, Head of International Residential Department at Knight Frank. – The amount of tourists increases and the number of new hotels built – does not, so the nearest future is unlikely to bring to the market an offer similar to that of Splendid Hotel Group. Holiday Inn - London Camden Lock and Holiday Inn - London Brentford Lock hotels have excellent reputation and demonstrate increasing year-on-year revenues and profitability. This offer is a unique opportunity for those who want to invest in profitable and conservative hotel business in one of the world capitals”.
Holiday Inn Camden Lock Hotel first opened its doors in 2003. The hotel is located in a unique place – the very center of Camden, overlooking the Regent's Canal and Camden Lock, not far from the West End. Camden Town subway station is in several minutes walk from the hotel.
The hotel features 130 comfortable air-conditioned rooms and all the necessary infrastructure for leisure and business events.
Holiday Inn - London Brentford Lock is a hotel of 134 rooms, located in the center of Brentford, overlooking the Grand Union Canal close to it's confluence with the River Thames, nine kilometers from the Heathrow International Airport.
The infrastructure of the hotel includes several conference rooms with up to 700 seats, basement car parking for 72 autos, restaurants, sports rooms.
One of the project’s advantages is proximity to the corporate occupiers on the Great West Road.
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