Investment

De Vere puts Bournemouth's Royal Bath hotel up for sale

3 Feb, 2012

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One of England's most notable hotels faces an uncertain after it was put up for sale reports the Daily Echo. De Vere Hotels has confirmed it has put the four-star Royal Bath on the market along with two other properties. The company has said the sales will help fund the development of three new De Vere Village Hotels, which cost around $30 million each and bring higher returns. Andrew Woodland, chairman of Bournemouth Hotel and Restaurant Association, said he hoped a new owner would invest in the resort, which is in need of refurbishment, he added. The other De Vere branded hotels on the market are Southampton’s Grand Harbour and the University Arms in Cambridge.

Topic : De Vere, Royal Bath, Bournemouth
External Source : Daily Echo