Weston's iconic Grand Atlantic Hotel bought in Christie & Co deal
Specialist hotel property adviser Christie & Co has announced the latest sale for Coast & Country Hotels.
The iconic Grand Atlantic Hotel in Weston-super-Mare has been sold to leading Singaporean-based hospitality investor Fragrance Group, with Savills acting for them in their acquisition.
Set in an elegant Victorian building on the town seafront, with breathtaking panoramic views of the Bristol Channel, this famous 72-bedroom hotel has been regarded as one of the resort's leading hotels for generations.
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Set in an elegant Victorian building on the town seafront, with breathtaking panoramic views of the Bristol Channel, this famous 72-bedroom hotel has been regarded as one of the resort's leading hotels for generations.
James Barnett, legal director at Foot Anstey, acted for Fragrance in the acquisition of the property.
Jeremy Jones, head of hotel brokerage at Christie & Co, who acted for the seller, comments, "We are delighted to announce The Grand Atlantic, Weston-super-Mare will be joining Fragrance Group’s growing list of leisure and city centre-based UK hotels.
“The property is one of the 33 leisure-focused hotels that we are currently marketing on behalf of Coast & Country, which have received very strong interest to date.
"Positioned in leading resort and leisure destinations across England, Scotland and Wales, the portfolio represents some of the best-known hospitality businesses in their respective markets.
"A number of these assets remain available, and we invite any interested parties to get in touch.”
James Greenslade, director of hotel capital markets at Savills acted for Fragrance Group in the sale.
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He said: “Savills are pleased to have acquired the Grand Atlantic on behalf of the Fragrance Group and we look forward to seeing its success as part of their portfolio in the future.”
Martin Rogers, representing Fragrance Group, said: “The Grand Atlantic Hotel is a wonderful addition to Fragrance Group’s growing portfolio, and we are delighted to be able to continue investing in the UK regional markets, in particular seaside destinations.”
