Holiday Inn Express Birmingham-Walsall

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1 Christie & Co is delighted to offer this 120-bedroom long leasehold internationally-branded hotel available with a franchise agreement with one of the world s leading hotel brands. Holiday Inn Express Birmingham-Walsall Tempus Ten Business Park, Tempus Drive, Walsall, WS2 8TJ

2 Christie & Co have been exclusively retained to act in the sale of the Holiday Inn Express Birmingham-Walsall. Key investment highlights: 120-bedroom internationally-branded hotel Highly accessible location situated directly off the M6 motorway (Jct. 10) 20 minutes drive from Central Birmingham & Birmingham Airport Available with the benefit of the Holiday Inn Express franchise - free of current management Meeting facilities with capacity for up to 60 delegates Available by way of an asset or share purchase Long leasehold

3 Location Situated on the Tempus Ten business park, the hotel enjoys a prominent trading location just off Junction 10 of the M6 motorway. This highly accessible location means the hotel is 10 miles from Birmingham city centre and just 12 miles from Birmingham International Airport. Walsall train station is situated 2 miles from the hotel with direct trains running to Birmingham city centre every 25 minutes. Walsall is easily accessible with the A4148 ring road providing access to the M6 motorway. The hotel is well-located for a large number of corporate businesses in the local area such as IKEA and Homeserve, both of whom use the hotel. For leisure guests, Drayton Manor amusement park is 30 minutes drive, with other local attractions including Dudley Zoo, Cadbury World and West Midlands Safari Park. 0m 10m 20m 30m El Sub Sta Ordnance Survey Crown Copyright All rights reserved. Licence number Plotted Scale - 1:1250

4 This purpose-built air conditioned hotel benefits from120 modern guest rooms arranged over 4 floors, with a modern bar and lounge/restaurant area at ground floor. In addition, the hotel has 3 meeting rooms located on the first floor with self-service Business Centre facilities, offering a maximum capacity for up to 60 delegates. The Property The ground floor is largely open plan containing the reception/lobby and provides access to the remaining public areas, known as The Great Room. The Great Room comprises a business centre with a few computers, small bar/lounge and a breakfast room (80 covers) with a self-service buffet station. Access to the guest room accommodation is directly opposite the reception with 30 guest rooms located per floor, with the meeting/function rooms located on a mezzanine floor. The hotel is air-conditioned and free Wi-Fi is available throughout. The main outside parking is for approximately 120 vehicles, with a further 14 spaces contained in the basement car park.

5 The Business Detailed trading information will be made available to bona fide parties via the Virtual Data Room upon completion of a Confidentiality Agreement. Branding and Management The hotel currently operates as a Holiday Inn Express under a franchise agreement with InterContinental Hotels Group PLC. InterContinental Hotels Group PLC (IHG) currently operates 660 hotels across Europe and with a further 113 hotels in the pipeline they are also the forerunner in the rewards club world with over 90 million members worldwide covering their 9 international brands. Holiday Inn Express is one of the world s leading hotel brands. Over 2,425 hotels are operated under the brand globally with 228 hotels and 27,525 bedrooms in Europe alone. Worldwide there are also 602 hotels in the pipeline adding a further 75,605 rooms to the brand s portfolio. (Source: com/europe) Guest Rooms Quantity Meeting & Conference Area Maximum Capacity Single rooms 83 Meeting Room 1 5.5m x 5.2m Capacity 20 Theatre / 12 Boardroom Double rooms 31 Meeting Room 2 5m x 6m Capacity 20 Theatre / 12 Boardroom Accessible rooms 6 Meeting Room 3 9.5m x 6m Capacity 40 Theatre / 24 Boardroom Total 126 Meeting Room 2 & 3 combined 14.5m x 6m Capacity 60 Theatre / 36 Boardroom Total 116 sq m External parking spaces (outside car park) basement level parking 120 spaces 14 spaces Source: Valor Hospitality Europe Ltd

6 Price and Basis of Offer Offers In Excess Of 6,850,000 for the long leasehold interest are invited based on either an asset or share sale Licences We understand that the hotel benefits from all the necessary licences for the conduct of the business Tenure Further Information Detailed information relating to the property and the performance of the hotel can be found within a secure data-site. For access, please request a Confidentiality Agreement ( CA ) from the Project Team EPC An Energy Performance Certificate for the property is available via the Virtual Data Room The hotel is long leasehold (250 years from 24 June 2006 at a peppercorn)

7 CONDITIONS OF CHRISTIE & CO S INFORMATION These sales particulars are prepared as a general guide to the property (which expression includes business and trade content, if any, included in the sale) for the convenience of a prospective purchaser (an Acquirer ) and are intended for business people familiar with commercial transactions. If you are not sure that you fit this description you should take relevant independent advice before proceeding further. Christie & Co for themselves and for the Client, give notice that: (a) these particulars are made without responsibility on the part of Christie & Co or the Client; they do not obviate the need to make appropriate searches, enquiries and inspections, nor do they constitute any part of an offer or contract, and statements herein are not to be relied upon as statements or representations of fact; any Acquirer must satisfy himself, by inspection or otherwise, as to their correctness and any error, omission or mis-description therein shall not affect or annul the sale or be grounds for rescission or compensation; (b) the Client does not make or give, and neither Christie & Co nor any of their employees has any authority to make or give, any representation or warranty whatsoever in relation to the properties; (c) Christie & Co has not carried out a detailed survey, nor tested the services, appliances and specific fittings; (d) dimensions (where given) are approximate and should be verified by an Acquirer; and (e) any accounts or financial statements or registration information provided to an Acquirer are provided on behalf of the Client by Christie & Co, who cannot therefore offer any guarantee of their completeness or accuracy, and accordingly shall not be liable for any loss, damage, cost, expenses or other claims for compensation arising from inaccuracies or omissions therein. These details were believed to be correct at the date of publication but their accuracy is not guaranteed. Subject to contract. Copyright Reserved Christie & Co. March 2016 Contact Details Jeremy Jones Head of Brokerage Hotels T E jeremy.jones@christie.com Alex Campbell Director Corporate Hotels T E alex.campbell@christie.com James Gibbor Assistant Broker Hotels T E james.gibbor@christie.com Charles Jones Business Agent Licensed T E charles.jones@christie.com