Holiday Inn Luton South - M1, Jct. 9 London Road, Markyate, Nr. Luton, Hertfordshire, AL3 8HH

An opportunity to acquire a 140-bedroom freehold hotel subject to a franchise agreement with one of the world’s leading hotel brands.

Christie & Co have been exclusively retained to act in the sale of the Holiday Inn Luton South. Key investment highlights include:

• 140-bedroom internationally branded hotel • Strategically-located with excellent transportation links (M1 and rail) • Available with the benefit of the Holiday Inn franchise but free of current management • High-quality freehold asset with extensive leisure facilities – c. 800 external members

• Strong commercial feeder markets within easy reach of the hotel • Proximity to London generating demand overflow • Positive outlook underpinned by forecast passenger growth at London Luton Airport and continued commercial investment in the region - Napier Park • Additional adjoining freehold development sites, available by separate negotiation – further information upon request

Location

Approximately 30 miles north of London the hotel is well connected via road and rail links, with fast trains to London and the M1 providing a direct link to the M25 and Central London. London Luton Airport is the UK’s fifth busiest and is approximately 7 miles from the hotel. London Luton Airport saw a record of 12.26 million passengers fly from it in 2015, a 17% increase on 2014 and making it the second fastest growing airport in the UK. In December 2014 the airport announced a £100 million improvement plan to transform the airport and increase annual capacity from 12 to 18 million passengers by 2026. The region is home to Vauxhall Motors as well as many national and international businesses based across the multiple business parks around the town such as the Butterfield Business and Technology Park and the Capability Green Business Park. A new development, Napier Park, will be located adjacent to the airport and is a 60-acre £200m regeneration scheme that will bring additional office and industrial space. The hotel also serves the Maylands Business Park in Hemel Hempstead, as well as Dunstable and St Albans. From a leisure perspective, its close proximity to Central London is a key advantage and the annual Luton International Carnival held in May is the largest one-day carnival in Europe.

Note: Shaded areas available by separate negotiation

This purpose-built air conditioned hotel was extended in 2000 with an additional 49 bedrooms and full leisure facilities. Rebranded as a Holiday Inn in November 2005, the property benefited from an extensive refurbishment. In addition to 140 guest rooms, the hotel offers excellent meeting and banqueting facilities, with the main room – the Counties Suite – offering capacity for up to 200 delegates. Other key features include full wet leisure facilities with a total external membership capacity of 800, and an extensive car park.

The Business

Detailed trading information will be made available to bona fide parties via the Virtual Data Room upon completion of a Confidentiality Agreement. Franchise Agreements

The hotel currently operates as a Holiday Inn 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 is one of the world’s leading hotel brands. Over 1,226 hotels are operated under the brand globally with 285 hotels and 46,150 bedrooms in Europe alone. Worldwide there are also 256 hotels in the pipeline adding a further 52,204 rooms to the brands portfolio. (Source: http://development.ihg.com/europe)

Guest Rooms

Quantity

Meeting & Conference

Area (m²)

Maximum Capacity (Theatre-Style)

200

Standard

126

Counties Suite (divisible into 2)

271

Executive

12

Buckingham Room

88

70

Disabled

2

Essex Room

90

70

Modern Meeting Room

50

44

Maximum Capacity 800

Current Membership 772

Total

140

Food & Beverage

Covers

Borders Restaurant

110

Borders Bar and Lounge

60

Other Facilities Car Park

Source: Valor Hospitality Europe Ltd

Leisure Facilities 250 spaces

Club Moativation (Pool & Gym)

Price and Basis of Offer

Offers In Excess Of £6,950,000 for the freehold interest are invited based on an asset sale Licences

We understand that the hotel benefits from all the necessary licences for the conduct of the business

Further Information

Data Room 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

Tenure

The hotel is Freehold

The propert has an EPC rating of C66. A full copy of the EPC certificate and report is available via our virtual data room

Contact Details 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 misdescription 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

Jeremy Jones Head of Brokerage – Hotels T 0207 227 0755 E [email protected] Alex Campbell Director – Corporate Hotels T 0207 227 0727 E [email protected] James Gibbor Assistant Broker – Hotels T 0207 227 0756 E [email protected] Tim Widdows Business Agent – Licensed T 0118 402 1652 E [email protected]