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News Release

London

JLL sells Best Western Grosvenor Hotel in Stratford-upon-Avon

Sold to Bright Hotels Limited


LONDON, 19 April 2016 – JLL’s Hotels & Hospitality Group has sold the Best Western Grosvenor Hotel in Stratford-upon-Avon to Bright Hotels Limited for an undisclosed sum.

The property is a Grade II listed building comprising 73 en-suite guest bedrooms, five meeting and conference rooms, a restaurant with lounge, bar and drawing room and onsite parking for 50 vehicles. The hotel is a short walk from Stratford-upon-Avon’s town centre, a renowned tourist area which attracts in the region of five million visitors per annum.

Gavin Wright, director, JLL’s Hotels & Hospitality Group said: “We received significant interest in this asset due to its sought-after location. Since the property came to the market we conducted numerous viewings and received multiple bids.

“We are delighted to have secured a sale with an investor who is keen to invest and refurbish the property. This acquisition will be the third hotel under the ownership of Indi Johal and we are sure he will enjoy great success with this property”

The hotel is one of three assets which form the BDL Select portfolio, which JLL is currently marketing. The sale follows the recent disposal of the Hilton DoubleTree Dundee from the portfolio and the remaining property, Best Western Marks Tey in Colchester, which is currently under offer.

Bright Hotels Limited was represented by Nick Barber from NJB Hotels & Leisure Property.

BDL Select was advised by Shepherd and Wedderburn LLP.