Hotel For Sale – Voco, St John’s
Colliers are delighted to present for sale Voco, St John’s located in Solihull, near Birmingham, England.
Key Features
- Freehold
- 201 ensuite bedrooms and suites
- Valuable dedicated car parking with c. 300 spaces
- Health and leisure club equipped with a gym, pool and spa facilities
- 120 cover Brasserie Six5One along with a 30 cover bar Six5One
- 13 conference rooms including the Park Suite (700 covers)
Investment Opportunity
- The property is available unencumbered from management, presenting various asset management opportunities, repositioning and retaining of a new management agreement to further drive revenue and ADR growth
- There are some quick gains to be made by converting under-utilised office and meeting space located on the first floor, which would be ideal to add a couple of bedrooms at low cost
- There is further scope to make the Hotel more energy efficient by investing in a new Building Management System and replacing 6 outdated air handling units which serve the ground floor
- The property also benefits from a recently lapsed (December 2021) planning permission to add a separate hotel or hotel wing with 88 bedrooms at the back of the parking area
- The Hotel was rebranded to a voco Hotel in 2019, the first voco in England and as a result benefits from a favourable franchise agreement
