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Holiday Inn Luton South, London Road, Markyate, St Albans, AL3 8HH
not specified / Leisure
Withdrawn - Last updated: 02 January 2024
JLL Hotels & Hospitality Group has been appointed on an exclusive basis to offer for sale the freehold interest of the Holiday Inn Luton South, located in Hertfordshire. The 140 bedroom full-service hotel attracts robust corporate and leisure demand. The property is available subject to a franchise agreement with IHG under the Holiday Inn brand.
Investment Highlights
- The full service hotel benefits from 140 well-proportioned bedrooms, substantial on site car parking, five meeting/conference rooms, restaurant & bar and leisure facilities
- Excellent access to Junction 9 of the M1 which connects the hotel to surrounding towns and central London in less than one hour
- Recent refurbishment of public areas to bring the hotel up to the latest “Open Lobby” IHG brand standard
- Ample meeting and events space with car parking for approximately 300 vehicles catering to the strong local corporate market
- Significant corporate demand drivers with Vauxhall/General Motors, Selex Galileo (BAe Systems), AstraZeneca, Whitbread and Anritsu all based in Luton
- Approximately seven miles from London Luton Airport. This airport continues to significantly increase passenger numbers (15.7 million passengers in 2017) flying to over 140 destinations, bringing improved transient business to the area
- Presenting buyers the opportunity to acquire the asset unencumbered from management, providing prospective purchasers complete operational flexibility
- Powerful Global brand and reservation system - the hotel benefits from a franchise agreement with IHG, providing robust levels of corporate and leisure business through Holidex system
Price
On application.
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