Knight Frank advised on the sale off a guide price of £8.95 million.
Avisford Park occupies a site measuring approximately 60 acres and comprises 140 en suite bedrooms, 15 meeting/function rooms, a bar, restaurant and 270 car parking spaces. Guests also benefit from extensive health and fitness facilities including a fully equipped gym, squash court, sauna and steam room, indoor and outdoor swimming pools, tennis courts and a golf course.
The Avisford Park hotel is located in close proximity to the south coast just north of the village of Walberton and 3 miles west of Arundel in the county of West Sussex. The hotel itself is situated just south of the A27 at the junction with Yapton Lane, providing convenient road access to the affluent town of Chichester, Portsmouth and Brighton. The hotel also has access to London via the A283, as well as by the train from both Arundel and Barnham train station which connect to London Victoria.
Owners of Crest Hotels commented: “We are delighted and proud to be the new owners of the Avisford Park hotel. As a group, we have now strategically acquired 8 hotels to date and the addition of Avisford Park really does bolster our portfolio to attract both leisure and business guests alike. It’s reputation as an iconic hotel is something we will be building on, further consolidating its position within the community and beyond whilst supporting the economics and tourism of the County.
“As owners, we like to fully embrace the region, people and businesses in which we operate and we look forward to working with the team in situ, backed by our team of experts in the group, to really elevate the business to the next level; with quality of customer experience and facilities we pride ourselves on delivering.”
Henry Jackson, Head of Hotel Agency at Knight Frank, commented: The Knight Frank hotels team are delighted to conclude the final sale within this hotel portfolio. Crest have great plans for Avisford Park and I look forward to seeing how the business evolves. We are instructed on 63 regional hotel sales, with an average lot size of £12m which provides us with a competitive edge in identifying the most active capital looking to acquire hotels in the market. We expect increased competition from investors for hotels as we move into 2023.
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