14th October , 2024
Hertfordshire hotel for sale
Knight Frank, a leading independent global property consultancy, has been appointed as the sole selling agent by the joint fixed charge receivers & joint administrators for the renowned Theobalds Hotel, situated in the heart of Hertfordshire.
The hotel, set in 55 acres of formal gardens and grounds, presents a rare investment opportunity as a freehold property with vacant possession.
The Theobalds Park Estate Hotel, which boasts 140 en-suite bedrooms, two restaurants, a bar, and extensive meeting and events facilities, has undergone significant investment in recent years, with over £8 million in capital expenditure since 2020.
Positioned just 1.6 miles from Junction 25 of the M25 and 15 miles north of Central London, the property offers excellent connectivity and proximity to key urban and corporate hubs.
The property has a rich history, dating back to its origins in the 16th century.
The current Georgian mansion house, built in the 18th century, retains many of its period features, offering a unique blend of historic elegance and modern amenities.
Theobalds Hotel has previously operated under prominent hotel brands and now provides a ‘blank canvas’ for potential buyers, with opportunities for further development and expansion in a prime location.
Key Features of Theobalds Hotel:
140 en-suite bedrooms, free of brand management
Approximately 106,960 sq.ft. (GIA) of built space
55 acres of formal gardens, woodland, and outdoor amenities, including a 20m outdoor pool
13 conference rooms with substantial meeting and event spaces
Well-equipped gym and leisure facilities
Positioned near key infrastructure projects, including the £1 billion Google Data Centre and the Sunset Studios expansion.
Henry Jackson, Partner at Knight Frank, commented: “We are delighted to be instructed on the sale of such an iconic property.
“Theobalds Hotel offers significant potential for investors looking to acquire a substantial asset in a strategic location, benefitting from excellent transport links and local business drivers.
“The opportunity to redevelop or repurpose the estate opens a wealth of possibilities for future owners.
“The sale of Theobalds Hotel is an exciting opportunity for buyers to acquire a premium asset with a strong history of success, ideally positioned to attract both business and leisure visitors.”
The guide price for the estate is £12.5 million, subject to contract.
For further information, please contact:
Ella Fabregat, Head of Commercial PR, ella.fabregat@knightfrank.com