LONDON, 21 January - Cushman & Wakefield’s UK Hospitality team has advised Brightbay Real Estate Partners (BBREP) on the sale of the Holiday Inn Express Southampton, M27 J7 to UK-based family office Hunton Hotels.
Located just outside Southampton’s city centre, the hotel features 182 rooms and benefits from a diverse demand pool including the neighbouring Ageas Bowl cricket ground, home of Hampshire County Cricket Club and England international venue. The acquisition presents Hunton’s third hotel acquisition to date, following The Cosmopolitan in Leeds in 2020 as part of a joint venture with Belfont Hotels, and the Holiday Inn Nottingham in Q1 2023.
Brightbay Real Estate Partners (BBREP) was advised by Cushman & Wakefield, CMS and Pinsent Masons.
Jack Wallsworth, Associate with Cushman & Wakefield’s UK Hospitality team, commented: “The hotel real estate market has faced challenges as a result of the higher interest rate environment. Yet despite this, well-placed freehold assets with strong demand fundamentals and ‘beds focused’ revenue streams – of which the Holiday Inn Express Southampton is a great example – continue to see good liquidity in the market. It was our pleasure to work with the team at BBREP on this deal and we congratulate Hunton Hotels and wish them all the best with their ongoing expansion.”
Cushman & Wakefield Advises On The Sale of The Holiday Inn Express Southampton
21/12/2023
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
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