The Trouville Hotel in Sandown has gone on the market for the first time in 40 years through specialist business property adviser, Christie & Co.
The building, which is situated directly next door to the brand new Premier Inn, has been consistently refurbished and updated since it was converted into a hotel in the 1930s. Recent improvements have included double glazing, zoned central heating and refurbishments to all of the 88 well-appointed rooms. On the ground floor, all the public rooms have been redecorated and boast panoramic sea views across Sandown Bay.
A key feature of the hotel is the ballroom, the Island’s largest, which comes alive in the evening with live entertainment, making it the firm favourite with visitors for dancing holidays ranging from line dancing, sequence, jive, rock n roll and more.
The hotel has been in the same family’s ownership for over 40 years and the current owner, Paul Moorman, has now made the decision to sell due to retirement.
Paul comments:
“The family bought the hotel 42 years ago and have enjoyed working in this beautiful seaside location. The business has brought us significant repeat patronage from both private and group business throughout our tenure. We have decided to retire and to hand over the successful business to a new owner to take to the next level.”
The sale of the Trouville Hotel presents a rare opportunity to acquire a well-established hotel business located in a popular UK summer staycation spot.
Ed Bellfield, Regional Director at Christie & Co is handling the sale and comments:
“With the rise in demand for seaside resort led staycations in 2020 and forward bookings for 2021 increasing, there are significant opportunities for an owner operator/investor to develop this business to the wider private market.
“The hotel has an unrivalled seafront position which will attract a wide range of buyers from single asset purchasers to multiple operators looking to add profitable businesses to their portfolios. We anticipate increased levels of interest from both domestic and international investors and operators.”
The Trouville Hotel is on the market with a guide price of £2,975,000 for the freehold.
Good luck getting that figure for it !
With all the Covid uncertainty and Brexit around the corner it might take sometime to sell
If someone has that kind of money you aren’t going to buy in Sandown are you.
Another tedious advertorial.