The property, known as the Hilton Garden Inn, opened in 2008, is arranged across 3 floors beneath a flat roof with a glazed atrium entrance at the apex of the building.
157 guest rooms comprising 30 x 24m2 doubles, 40 x twin rooms, 77 family rooms, 8 x full access bedrooms and 2 x junior suites
The hotel provides 12 conference rooms (including the Shires suite with capacity for 100 people), a gym, 80 seat restaurant and bar/ lounge with 40 covers.
Asset enhancement opportunities by bringing rooms up to HGI standard.
The hotel is set within grounds extending to approximately 3.2 acres.
Management agreement in place to Hilton expiring on 31 December 2028.
The site provides 130 car parking spaces.
The property generated an EBITDA in 2022 of £1,609,651 (9.50%) and has a projected EBITDA in 2023 of £1,677,130 (9.90%).
Location
The site is located on Hitchin Road and is approximately 12 minutes’ drive from Luton Railway Station, providing regular services into London St Pancras in approximately 35 minutes. Additionally, the hotel is 14 minutes’ drive from Luton Airport, making it a convenient location for people to stay the night before their flight.
Accommodation
Purpose built 157 room 4 star hotel extending to approximately 75,843 sq ft GIA.
Terms
Tenure - Leasehold until 30th April 2157 (134 years unexpired term) at a peppercorn ground rent.
Price on Application