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The Palace Hotel in Buxton Derbyshire, part of The Hotel Collection chain, is set to be offloaded by the group for a minimum price of £7m.
The 122-bedroom property is set to be sold by The Hotel Collection, known as Puma Hotels until rebranding five months ago, following a refinancing of the brand earlier this year.
The hotel is part of a grade II listed building and features a banqueting room for 300 people, and a health and leisure club which offers a swimming pool, gym and a range of treatment rooms.
Jeremy Jones, director of Hotels at Christie + Co, which is handling the sale of the property, said: “The hotel is highly profitable, with scope for further development, subject to planning. We are finding that there is an increasingly strong demand for quality provincial UK hotels and I expect the interest for The Palace Hotel to be high.”
