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Shearings Leisure Group looks to offload three hotels

Shearings Leisure Group has announced plans to sell three of its hotels in the north of England and Scotland.

The three properties are the Strathmore hotel in Morecambe, the Eden Arms hotel in Durham, Portpatrick hotel in Scotland, and are available on an individual or cluster basis.

The Strathmore Hotel, Morecambe is a 47-bedroom property which features a bar that seats 80 customers and has views across the bay. There is also a restaurant and conference suite with capacity for up to 150 guests.

The property agents are seeking offers in the region of £1.3m.

The Eden Arms Hotel is originally a 17th Century coaching inn, the 44-bedroom property also comprises a bar, which seats 50 customers; a restaurant, catering for up to 83 diners and function facilities.

The property also benefits from a planning consent to develop three residential dwellings, whilst a wide range of outbuildings are also ideal further redevelopment. The property agents are seeking offers in the region of £1.65m.

Portpatrick Hotel in Scotland is a 55-bedroom property, along with three self-catering apartments and is set in over 10 acres of land and benefits from planning consent to develop an additional 24 bedrooms.

The property also includes a restaurant, three lounges, bar and a nine-hole pitch and putt golf course. A separate three-bedroom bungalow is also located within the grounds. The agents are seeking offers in the region of £1.6m.

Paul Barrasford from Colliers International, which is marketing the properties, said: “Although part of a larger group, each hotel is an established and successful business in its own right.

“In particular, due to recent and major refurbishment programmes, increased private leisure and the popularity of these hotels amongst local clientele for a wide array of corporate and private events. From both an operational and property perspective, there are exciting value add opportunities at each property.”

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