Daish’s Group has listed 25% of its portfolio for sale, with a combined Guide Price of £6.65m.
The assets include the Barrowfield Hotel freehold in Newquay, the County Hotel freehold in Kendal and Dash’s Blackpool freehold. These properties are open for purchase individually or as a bundled trio.
The Barrowfield Hotel is a coastal hotel with 80 rooms, a 170-seat restaurant, a 130-person ballroom and additional amenities such as an indoor swimming pool, sauna and games room. The Guide Price for this 0.6 acre site is £2.85 million.
Close to the Lake District National Park, the County Hotel is an 18th century building that has been recently restored. The hotel has 41 rooms, a 75-seat restaurant, cafe and bar and is currently valued at £1.85m.
Finally, Daish’s Blackpool, the main terrace on the coast, offers 72 rooms, a 130-cover restaurant, cafe and entertainment room. The guide price for this hotel has been set at £1.95 million.
Tom Cunningham, head of hotel capital markets at Savills, who is acting for the seller, said: “We are delighted to have been appointed to sell our client a number of assets across the UK. All three hotels are located in strong market locations and offer the incoming buyer an excellent opportunity to capitalize on continued consumer demand for overnight stays.
Daishi CEO George Brown added: “While we are saddened to see such large assets go, and it is with a heavy heart that we bring them to market, we will continue to expand Daishi’s portfolio and look for hotels that we feel are a better fit for our customers.
Daish’s Group began with the acquisition of Dash’s Hotel on the Isle of Wight in 1979. Since then it has expanded to include 12 hotels in 10 resorts across the UK.
