Seafront Isle of Wight hotel brought to market 

The Trouville Hotel, a seafront hotel located on the Isle of Wight, has been brought to market for the first time in 40 years with a guide price of £2,975,000 for the freehold.

The hotel is situated in the seaside town of Sandown, and occupies a premium seafront position on the promenade, with direct access onto the town’s beach and views across Sandown Bay. 

The building has been consistently refurbished and updated since it was converted into a hotel in the 1930s. 

Recent improvements include the addition of double glazing, zoned central heating and refurbishments to all of the 88 rooms, while all public rooms on the ground floor have been redecorated.

It currently trades for most of the year, from the second week in February through to New Year, mainly on a half board short-break basis to selected groups.

The hotel has been in the same family’s ownership for over 40 years and the current owner, Paul Moorman has now made the decision to sell due to retirement.

Moorman said: “The family bought the hotel 42 years ago and have enjoyed working in this beautiful seaside location. The business has brought us significant repeat patronage from both private and group business throughout our tenure. We have decided to retire and to hand over the successful business to a new owner to take to the next level.”

Ed Bellfield, regional director at Christie and Co who is handling the sale, said: “with the rise in demand for seaside resort led staycations in 2020 and forward bookings for 2021 increasing, there are significant opportunities for an owner operator/investor to develop this business to the wider private market. 

“The hotel has an unrivalled sea front position which will attract a wide range of buyers from single asset purchasers to multiple operators looking to add profitable businesses to their portfolios. We anticipate increased levels of interest from both domestic and international investors and operators.”