Best Western York House Hotel in Eastbourne up for sale

The 84-bedroom Best Western York House Hotel in Eastbourne dates back to 1896 and has been put on the market for potential buyers.

The building, which is "prominently located" on York Parade has benefited from significant investment from the current owners, say commercial property specialist Colliers.

Best Western York House Hotel in Eastbourne

This included recent repairs to the roof and windows, a complete electrical upgrade, repainting of the entire facade, and the conversion of five bedrooms into two serviced apartments.

Offers in excess of £5 million will be considered for the hotel, which comes with its own swimming pool.

Paul Barrasford, director in the Hotels Agency team at Colliers, said: “With UK staycations soaring in popularity, the Best Western York House is an outstanding opportunity to acquire a leading, superbly invested hotel in one of the UK’s most popular coastal towns.

Best Western York House Hotel in Eastbourne

“It is consistently ranked as one of Eastbourne’s best hotels on TripAdvisor. With many of its repeat customers and new guests eager for a seaside break, the hotel’s projected trading performance for 2021 and beyond is very strong.”

Many of the bedrooms and public areas have stunning sea views, and it is one of only two hotels in the East Sussex town to have a swimming pool.

Other facilities include a restaurant with 110 covers, two bars seating 40 and 20 people, an open-air veranda and three conference rooms with capacity for between 40 and 120 people.

Best Western York House Hotel in Eastbourne

The hotel averaged a pre-pandemic net annual turnover of about £1.75 million, said Mr Barrasford, who added that there was scope for further growth.

“The hotel presents exceptionally well, yet still offers exciting value added opportunities,” he said.

“With pre-existing planning permission, these include, scope to develop a spa to the rear of the property, and conversion of some of the public areas to more profitable use as guest bedrooms.”

Best Western York House Hotel in Eastbourne

The hotel is located near to Eastbourne’s attractions, including the promenade, pier, beaches, the Devonshire Quarter’s conference venues, theatres, and event spaces.