Hotel For Sale – St Giles House Hotel
Christie & Co are delighted to offer for sale the St Giles House Hotel, located in Norwich, Norfolk in England, UK.
This charming property and business is recommended for viewing at the earliest opportunity.
Key Features
- 19th Century 4* boutique hotel in city centre
- Grade II* listed Georgian town house
- 24 magnificent en suite bedrooms
- Car park, lounge/bar and restaurant
- Beautifully appointed historical property
- Viewing of this excellent property is highly advised
The hotel comprises of an historic building believed to date back to 1852, with ornate original features, which have been retained. A classic Georgian front façade typical of the period, with the hotel having been extended during Georgian times with part Art-Deco features.
The property is arranged over the ground, first and second floors, along with a lower level currently occupied as spa treatment rooms.
A number of the rooms feature heavy plaster coverings, with extensive wood panelling to the original part of the building.
Internal Details
* Hotel reception * Restaurant (60 covers) * Lounge/bar (25 covers) * Two function rooms (seat 100 in Walnut suite) * Ladies & gentlemen’s WCs * Five beauty treatment rooms * Commercial trade kitchen * Walk-in freezers and fridges *Beer and wine cellar *Plant room * Laundry store * Staff accommodation.
Letting Accommodation
There are 24 en suite guest bedrooms located over the upper floors, with the rooms categorised into standard (four), executives (nine), Georgian (six), suites (four) and a grand suite (one).
External Details
A dining terrace for up to 60 customers accessed through the restaurant. Car park (24).
The Opportunity
An excellent all year-round food, beverage, lettings, and weddings/functions business, within a city centre location. The hotel operates under management, with all revenue streams having genuine scope to be enhanced.
St Giles House Hotel has traded as a boutique hotel since 2005, originally having been an office and a telephone exchange in the past.
Overall trade is quite strong, with corporate bookings dominating mid-week, with leisure, including weddings, strong over the weekends. Average room rate is within the region of £110 – £115 inclusive of breakfast, which can be increased during summer months or when major events are taking place in the city, such as theatre shows, pop concerts etc.
Average occupancy level is approximately 75%.
Weddings, conferences and events form a large part of the trade for St Giles House, with the hotel being an approved wedding venue by Norfolk County Council, with the Walnut suite offering from 50 to 150 guests.
Staff
The business is operated under management, with full and part time staff.
Location
The property occupies a prominent frontage centrally located in the city of Norwich, within easy walking distance to all major bars, restaurants, extensive retail and its famous covered market. It sits within an historic area and one of the oldest parts of the city, and offers one of the best trading positions for a hotel in Norwich.
