Cambridgeshire hotel on sale for £1.9m

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UK: The 42-bed Elme Hall Hotel in Wisbech has been brought to market by real estate advisors Colliers, with potential for alternative use redevelopment.

The property is set in three acres and features a bar, a 34-seat restaurant, four ensuite staff bedrooms and a two bedroom manager’s apartment which includes a large attic room.

There is also a detached two-storey annex with 34 bedrooms that was developed in 2012.

Paul Barrasford, director in the hotels agency team at Colliers, expects the hotel to attract attention from a range of potential buyers. He said: “Elme Hall Hotel is offered for sale due to retirement. Pre-Covid, the primary revenue streams included good levels of midweek corporate business complemented by occasional weekend leisure clientele.

“Looking ahead to when normal trading conditions return, there is significant scope to grow these particular elements of the business. The hotel remains open and is taking bookings, although until lockdown restrictions are lifted these will be for guests such as key workers and essential business travellers only.

“In addition, the setting of this property in three acres of land at a strategic junction on the outskirts of the historic market town of Wisbech, known as the ‘capital of the Fens’, means that it also offers opportunities for other uses.”

Elme Hall Hotel was built in the mid/late-1980s and in 2003 a galleried ballroom was added – the largest of three events rooms, which can all be utilised as additional dining areas.

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