Chester hotel snapped up
Belgrave Hotel, a 34-bedroom property close to Chester’s historic city centre, has been sold by property consultancy GVA, on behalf of its owners.
The hotel was purchased for an undisclosed sum but was sold from a guide asking price of £1.4m.
In addition to the 34 ensuite bedrooms, the Belgrave Hotel, which is located 150 metres from Chester Railway Station, also features an onsite restaurant, as well as the Regency Bar and guest lounge.
Martin Davis at GVA said: “Whether staying for business or pleasure, Belgrave Hotel’s excellent location makes it an attractive choice for a diverse audience and it presents a unique opportunity to the buyer.
“The North West hotel market continues to strengthen, and this latest sale joins the list of investments that reflect an ongoing confidence in the region’s hospitality sector.”