Etrop Grange 64 Room Manchester Airport Hotel for sale

Location: Manchester Airport, UK

Name: Etrop Grange

No. of Keys: 64

The Property: The hotel is located at Thorley Lane, Manchester M90, close to T2. The hotel has 64 rooms, 10 meeting rooms holding up to 200 pax, restaurant, bar and 100 car-parking spaces. The hotel is unique in that whilst the hotel is very close to the airport, it is not “an airport hotel” as such.

The hotel was bought from the receivers in December 2018 and has had a capital injection by the current owners.

Main Photo: The exterior of the hotel

Tenure: 123-year lease remaining

Brand/Management: Flag and management free

Financials: Full financials available upon signing a NDA and LOI. 2018/19 EBITDA of £430k

Current Owner: Private owner who have chosen to concentrate on their non-hotel core business.

Agent: Local agent in partnership with The Hotel Property Team

Guide Price: £7m plus agents fees

Guide Price per Key: £110,000

Date Posted: December 2019

THPT Comment: Classy hotel close to Manchester Airport, in good state at great price

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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.