UK: The Castle House Hotel and The Canterbury Hotel are being sold off guide prices of £1.75 million and £1.5 million respectively through Colliers International.
The two hotels are owned by the same private client.
The Grade II-listed Castle House was acquired by the current owners in 2008, who decided to refurbish and retain original parts dating back to the 1730s. The property incorporates part of the original city walls and moat too.
The Canterbury Hotel is believed to be one of the oldest hotels in the city. Acquired in 2014, it also has undergone a refurbishment. It comprises two buildings, a courtyard garden and carpark.
Paul Barrasford, hotels agency at Colliers International, commented: “The owners recently took the very difficult decision to close the hotels and focus on their other businesses in the city. For new potential owners who are looking to reopen either hotel, there is clear scope to re-establish each as a strong business, in particular as the bulk of turnover was previously derived from accommodation.
He continued: “Canterbury is one of the region’s most visited tourist destinations, with good transport links, including a direct one hour train into Central London. The city is also an important south-east hub which has a vibrant local economy. With domestic tourism proving especially robust, we expect the city’s hotels to bounce back strongly from the disruption of COVID. We are also anticipating interest from interested parties looking to repurpose the hotels.”
