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Paddington’s Falcon Hotel freehold brought to market for £6m

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In this episode we speak to brothers Alex and Adrien Grosjean, young entrepreneurs who have recently acquired The Residence Inn by Marriott Manchester Piccadilly. We discussed the reasons why Manchester’s visitor market is booming, and their decision to invest in this area, why they see extended-stay accommodation as a major opportunity in what is one of the UK's fastest-growing cities, how they plan to enhance their portfolio of hotels, and their advice for the next generation of hospitality disruptors.

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The privately-owned Falcon Hotel in Paddington has been brought to market for offers of £6m for the freehold. 

The Edwardian-period hotel building, which was established 110 years ago at Norfolk Square Gardens in Paddington, W2, was previously awarded a ‘Top Value’ badge by Tripadvisor

Having first opened as a hotel over 60 years ago, the Falcon has been operated by the vendor since the mid-1990s. 

Overlooking the traditional London square communal garden, the Falcon has 20 bedrooms of different occupancy levels, from single rooms to family suites.

Andrew Evagelou, who is handling the sale at Christie and Co, said: “The current owner is looking to retire, and the sale of the Falcon will offer the buyer the opportunity to acquire a rare freehold building in Norfolk Square.

“The location of the hotel is second to none in relation to its accessibility into all parts of central London, and the building itself possesses the potential for development and options to expand its food and beverage offering.”

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