_Knight Frank to sell Grade II listed Royal York & Faulkner Hotel on Sidmouth's Esplanade
Knight Frank to sell Grade II listed Royal York & Faulkner Hotel on Sidmouth's Esplanade
Property
The Royal York & Faulkner Hotel is a highly-profitable Regency establishment located on Sidmouth’s renowned Esplanade. We've been instructed by the hotel's long-term owners, the Hook family, as sole selling agent.
Guide price: £5,950,000
The listed property has been under the Hook family’s ownership since 1939, spanning three generations, and continues to offer guests traditional hospitality in one of Devon’s foremost seaside resorts on the Jurassic Coast. The business has experienced exceptional trading performance in 2022 to date and boasts a healthy catalogue of forward bookings, many of which are from repeat customers — as well as regular trade from an extensive database of individual tour operators.
In total, the Royal York & Faulkner has 72 guest bedrooms and comprises 2 interconnecting dining rooms, a stylish lounge bar, 3 elegant guest lounges, a cafe-bar bistro, and an impressive spa facility. In addition, buyers will benefit from an experienced and dedicated workforce with a structured management team in place.
For investors seeking value-adding opportunities, the business offers several areas of growth potential including the conversion of the owners’ accommodation into additional guest bedrooms, expansion of the private leisure business, and increased trading hours at the popular Blinis Café-Bar.
The Hook family, says: “The hotel has been something of a way of life for our family for the past three generations. It's been both home and work for many happy years, however, we're now extremely proud to put the hotel up for sale as a well-established and successful business. New owners will benefit from our highly experienced, loyal team of staff, as well as our many valued regular guests.”
Matthew Smith, Partner in Knight Frank's Hotels team, adds: “We're delighted to represent the Hook family as we seek a buyer for The Royal York & Faulkner Hotel. As long-time owners, the family has turned what was once a modest 8-bedroom guest house into a substantial and flourishing 72-bedroom hotel business.
“The property benefits from a perfect location on Sidmouth’s beautiful seafront and enjoys regular custom from visitors who come to enjoy a stay on Devon’s stunning Jurassic Coast each year.
“The opportunity to take on a profitable multi-faceted hotel business in one of the UK’s leading tourist destinations is likely to be an attractive proposition to many — so we're expecting strong interest.''
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