KS Saxon Street is selling a 124-bedroom Novotel hotel with extensive conferencing and leisure facilities in Milton Keynes city centre.
Colliers has been instructed to market the three-star rated hotel, which has a gym, bar and 75 cover restaurant.
The hotel is being offered to the market with vacant possession, free of management or franchise agreement, and the brand owner Accor would welcome discussions to continue either management or franchise agreement. The sale price is available on application.
Kit Abram, associate director in the hotel capital markets team at Colliers, said: “The Novotel Milton Keynes offers a great opportunity to acquire an asset free and clear of management in a strong south east market. We expect to receive a strong level of interest from UK domestic operators, cross-border, and international capital, as well as institutional investors seeking value add opportunities.”
