Transactions

Bloomsbury set for sale

A collection of eight freehold properties is being marketed a total of £37m.

The were until recently used as staff accommodation by a London hotels operator.

The hotels range in size from a dozen bedrooms to 50 bedrooms, with prices ranging from £1.75m to £10 m.

Colin Hall, head of London Hotels Agency at Colliers International, said: “It has taken our clients 40 years to assemble this portfolio, which now provides the very rare opportunity of eight freehold buildings becoming available at one time in the highly desirable neighbourhood of Bloomsbury.

“These properties are in effect superb blank canvasses for future development across a range of uses, including boutique hotel accommodation, hostels/poshtels, offices and residential development.

“Historically, Bloomsbury has enjoyed some of the highest hotel occupancy rates in London, and these properties would enable a new owner to develop hotel/hostel type premises without having to purchase goodwill.”