Metro Inns hotel in Newcastle hits the market
The property belongs to a small group of hotels, which have been operated by a private owner for 15 years and reports solid profits of over £300k
Metro Inns, a 63-bedroom purpose-built hotel in Kenton Bank, Newcastle, has been brought to market inviting best offers
Positioned less than two minutes drive from the A1 motorway at the Kenton Bar Interchange, and halfway between Newcastle city centre and Newcastle International Airport, the hotel boasts excellent transport links and offers business and leisure guests alike an ideal base to explore the region.
The property belongs to a small group of hotels, which have been operated by a private owner for 15 years and reports solid profits of over £300k. However, a new owner may wish to undertake a refurbishment program to increase the average daily rate.
David Lee, regional director – hotels north, Christie and Co. who is managing the sales process said: “We are pleased to bring to market the Metro Inns hotel near Newcastle. With its central location and numerous income drivers that help to maintain healthy profits, the hotel is a real asset that is sure to be snapped up. Any interested parties should get in touch as soon as possible.”
