Owner Wildes Group is selling the 114-year lease of the 64-bed hotel five minutes’ walk from Crewe station.
Christie & Co has been appointed to market the three-storey property, located off Macon Way.
In 2019, the Holiday Inn Express had a turnover of over £1 million and a turnover of over £978,000 in 2020. During these years the property made a profit gross of approximately £762,600 and £695,000 respectively.
Most Holiday Inn guests are on business, as the hotel benefits from its proximity to the train station. About 20% of customers visit for leisure purposes.
The 27,5000 square foot hotel has a bar and a 50-seat restaurant and several meeting rooms. The largest is the Francis Webb Suite which can accommodate 70 delegates.
There is also a parking lot with spaces for 42 vehicles.
“This is a great opportunity to acquire a profitable regional hotel,” said Tom O’Malley, Associate Hospitality Manager at Christie & Co. “The business is currently thriving as most hotels in the area are currently being used for alternative purposes, leaving this hotel as one of the few in operation.
The lease on the property is 125 years from 2011. The annual lease rent is £30,000. This is revised every five years and is linked to the retail price index. The maximum possible increase each year is 2.5%.
The hotel’s franchise with Holiday Inn is valid for another ten years.