Property

Nigerian hospitality company acquires first UK property

The Clarendon Hotel in Morecambe, Lancashire, has been purchased by The Statement Hotel LTD.

The sale marks The Statement Hotel’s first property in the UK, with an existing hotel and property portfolio in Nigeria. Nonso Ochinanwata of The Statement Hotel LTD said the company is “delighted” to have acquired its first UK hotel and added it has “further intentions” of building a “broader investment portfolio” in the UK market.

He said: “We targeted Morecambe as a location for various reasons, however, the proposals for the new Eden project, a venue intended to draw 500,000 to a million visitors every year, was a key factor. Now the transaction has completed we will be focussing our attention on transforming The Clarendon into a destination hotel with world-class standards.”

The transaction was brokered by Lesley Watmough of leisure property specialists Fleurets, who added: “The Clarendon Hotel is an imposing building with historical significance, having been used as RAF headquarters during World War II. Ideally situated on Morecambe’s seafront, the hotel possesses 29 en-suite letting bedrooms.”

The property’s freehold was marketed off a guide price of £725,000.

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