RBS lines up sale of UK's Dragonfly Hotel portfolio

The Royal Bank of Scotland is looking to sell its Dragonfly Hotel portfolio for a total value of around £14 million, reports Hotel Owner UK. The portfolio, which comprises 317 rooms across five hotels in the East Anglia region of the UK, is being marketed by Colliers International.

Colliers, reportedly, will consider offers for the full portfolio, as well as on a sub-group or single asset.

Hotels within the portfolio include a 50-room King’s Lynn hotel, a 50-room Colchester hotel, a 71-room Bury St Edmunds hotel, a 70-room Peterborough hotel and a 76-room hotel in Stevenage.

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Paul Barrasford, hotel agency director at Colliers International, said: “This is a fantastic opportunity to acquire an established hotel portfolio which offers prospective purchasers the opportunity to invest and reposition the businesses. These properties are also ideal for an individual investor or private individual with a vocation for the hospitality sector. Given the current strength of the hotel market, we anticipate a strong level of interest in the portfolio.”

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