Sold

The Duke of Richmond Hotel, St Peter Port, Guernsey

For Sale

Description

Knight Frank LLP and Rock Commercial Limited have been instructed as Joint Sole Agents to secure a purchaser for the Freehold interest in The Duke of Richmond Hotel in Guernsey.

This presents a compelling prospect to acquire an iconic full-service luxury hotel situated in a prime position overlooking St. Peter Port.

As the hotel is a multi-faceted business that is being sold free from management and branding, as well as possessing a rich history dating back to 1815, it presents an attractive opportunity for a new owner to acquire a hotel with upside potential in a market with high barriers to entry.

Investment Highlights, The Duke Of Richmond, Guernsey

An iconic luxury full-service hotel in an attractive location with sea views in the heart of Guernsey

73 luxurious individually designed en suite bedrooms
Total Revenue for YE December 2023 in excess of £3,000,000
Leopard Bar and Restaurant that provides 60 covers
Leopard Lounge providing seating for 24 people
Outside terrace, including self-contained domes (winter only), overlooking Candie Gardens and providing coastal views
Substantial meeting and conferencing facilities, including the Somerset Suite with a maximum capacity of 300 people
Outdoor swimming pool
To be acquired with vacant possession free from management and branding
Staff accommodation adjacent to the hotel that provides 17 bedrooms
Further staff accommodation available to purchase by way of separate negotiation
Car parking for six vehicles
Freehold

Location

The Duke of Richmond Hotel is situated in Guernsey’s capital, St Peter Port. Guernsey is the second largest of the Channel Islands and renowned for its natural beauty and unspoilt beaches, as well as its history and heritage. It is easily accessible from the UK and mainland Europe via both air and sea. The Island is administered as part of the Bailiwick of Guernsey, a self-governing dependent territory of the British Crown. Guernsey is regarded as one of the world’s premier offshore centres and is politically and economically robust. The smaller Islands of Alderney, Sark and Herm complete the Bailiwick attracting large visitor numbers. All are accessible from Guernsey which has been a popular tourist destination since at least the Victorian days.