Register to get 3 free articles
Register to unlock the article and receive our free newsletter. Join 26,000 other hotel leaders and stay in the know.
Want unlimited access? View Plans
Already have an account? Sign in
Crowne Plaza Felbridge in West Sussex has been sold to Britannia Hotels for an undisclosed sum.
Set within nearly four acres, the hotel comprises 116 ensuite bedrooms on the ground and first floors which overlook a central courtyard, as well as a health club and spa with a fitness centre, treatment rooms, sauna, steam room, jacuzzi and indoor pool.
The hotel also offers a bar, restaurant, and conference and event facilities, with eight meeting rooms and three ballrooms including The Grand Ballroom which accommodates 500 guests.
The hotel has been sold on behalf of MCAP Global Finance (UK) LLP, the UK affiliate of New York headquartered global asset manager Marathon Asset Management L.P. (Marathon).
Announcing its latest successful acquisition, Robert Ferrari, chief executive of Britannia Hotels, said: “I am delighted that so early in 2025 we are able to announce the acquisition of our 65th hotel which will be rebranded as ‘Elite Venue Selection Felbridge’. The hotel will be joining fifteen other landmark hotels we own, which sit in our collection.
“Our plans to invest in the hotel will enhance its appeal to a wider range of corporate and leisure guests attracted by the whole selection of facilities on offer and is evidence again that we are focussed on retaining our position as the UK’s largest privately owned hotel group.”
Jeremy Jones, head of hotels brokerage at Christie and Co, who handled the sale, added: “We are delighted to be able to announce this significant sale on behalf of Marathon. Having sold approximately 100 hotels in 2024, to maintain this momentum into the new year is positive; we’re looking forward to announcing similar sales in the weeks ahead and we wish Britannia Hotels many successful years owning and operating this hotel.”
Craig Millward, director – corporate hotels at Christie and Co, said: “The hotel investment market in the UK has entered a growth phase with unprecedented demand for all asset types across the regional market. Stabilisation of the cost of debt has allowed vendors and buyers alike to accurately price assets and for funds to use this market momentum to rationalise their portfolios. It was a pleasure to work with both the vendor and the buyer on this transaction.”
