Location: Overlooks Douglas Bay, Isle of Man, UK
Name: The Empress Hotel
No. of Keys: 104
The Property: The Empress is a well-established sea-facing hotel overlooking Douglas Bay on the Isle of Man, a self-governing British Crown Dependency.
The Isle of Man benefits from financially rewarding economy – includes zero rate corporation tax, no capital gains tax, wealth tax or inheritance tax.
It’s a profitable hotel with newly refurbished bedrooms, restaurant, bar and conference facilities, with 104 guest bedrooms with a top-floor luxurious penthouse, including potential conversion opportunity to add additional bedrooms.
The hotel has two restaurants including The Brasserie with capacity for 65 covers and the lower-ground floor restaurant / breakfast room, which until recently was operating as Manx Gourmet Burgers, with seating for 130 persons. Also The Piano Bar and conservatory lounge with capacity for 140 additional guests.
Conference facilities, including two function rooms with total capacity for 280 delegates.
There is an unutilised Health Club and Fitness Centre, including gym, sauna, steam room and treatment rooms as well as unused pool area.
There is upside with revenue enhancement opportunities with promenade-facing revenue venue and facilities. The Island has a plethora of world-class Financial Services companies including Banking, Insurance, Gaming, Wealth & Fund Management with a benign tax regime.
There is a six bedroom staff house adjacent to the hotel available subject to separate negotiation.
Main Photo: The Empress Hotel
Brand/Management: Free of both
Current Owner: Private family with one other hotel in Shropshire
Financials: 2018/19 financial data available
Guide Price: £12m
Guide Price per Key: £115,385
Date Posted: September 2019
THPT Comment: Great opportunity for this main hotel on the Isle of Man with the zero rate Corporation Tax or Capital Gains Tax. The Empress at 104 rooms is 9% of the entire island’s hotel stock – 1,300 rooms in 37 hotels, only two of which has over 100 rooms.
Contact us for further information
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.
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.