Joint Agents, Graham + Sibbald and Simon Stevens Associates are delighted to announce the sale of the Freehold interest in the Park House Hotel in Shifnal, Shropshire.
The elegant 54 bedroom full service, Park House Hotel situated in Shifnal which is located only five miles from the town of Telford has been sold following a full open marketing campaign to Crest Hotels, an independent multiple hotel group who operate five hotels across the UK.
Martin Davis of Graham + Sibbald commented: “This transaction and the strong interest generated in this business during the competitive marketing process, demonstrates that despite the Covid-19 Pandemic the demand for well-located and realistically priced regional hotels remains.”
This Grade II listed building which retains much of its original charm and character also benefits from the modern-day amenities including an excellent range of accommodation and income streams including an award-winning restaurant and five dedicated conference and meeting rooms, the largest of which has a capacity of up to 222 as well as a leisure facility including a 15 metre indoor swimming pool.
Simon Stevens from Simon Stevens Associates said: “Having a close working relationship with Crest Hotels for the last 20 years, we are pleased to have secured another hotel to add to their expanding portfolio. In fact the Park House Hotel closely follows the Tiverton Hotel that Crest Hotels purchased early in 2021. Together we look forward to our continued efforts to secure more transactions in this extraordinary period.”
The hotel is situated in a prominent position on the A464 close to Shifnal town centre and only five miles away from Telford. The hotel is well placed for leisure guests wanting to explore the many attractions in an around Shropshire, including the RAF Cosford Museum and the historic Ironbridge Gorge, a scenic world renowned tourist destination and UNESCO World Heritage site. The Hotel’s location is also ideal for corporate/business travellers to the area given that it is not only within the heart of Shifnal but also close to the extensive commercial and retail facilities of Telford which is the largest town in Shropshire. The Hotel also has excellent transport links, with Shifnal’s main line railway station just a short five-minute walk away, whilst Junction 4 of the M54 motorway is less than two miles from the Hotel.
A spokesman on behalf of Crest Hotels said: “The Park House Hotel is an exciting acquisition, given its excellent location, we look forward to investing in the successful future of this business.”