201 Bedroom Voco St John’s Solihull Hotel Hits Market for £25 Million
Posted by Colliers on 2nd October 2023 -
Colliers Hotels Capital Markets has brought the 201-bedroom voco St John’s Solihull to the market for a guide price of £25 million on behalf of CL Capital Global.
The hotel, which is being sold freehold and available unencumbered from management, has undergone a significant refurbishment and branding, with a clean, modern feel throughout. Located half a kilometre from Solihull train station, the property is also near to Birmingham Airport and has easy access to the motorway network.
The three-storey property benefits from extensive facilities including a health and leisure club with gym, pool and spa facilities. The 120-cover Brasserie Six5One is popular with both guests and locals and runs alongside the additional 30-cover bar. For conference and business use, the hotel has 13 conference rooms including the Park Suite which can hold 700 - one of the largest conference halls in the midlands.
Kit Abram, associate director in the Hotels Capital Markets team at Colliers, comments: “The voco St John’s hotel presents a fantastic prospect for an investor; whilst it has been recently refurbished there are also significant asset management opportunities. This includes making the building more energy efficient or a re-instatement of the previous planning permission to add an additional 88 bedrooms. We expect there to be a high-level interest in the hotel, with it offering RevPAR growth opportunities when compared to its local competition.”
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