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The Lanes Hotel on the Brighton seafront is set to be sold at auction on a freehold basis, with bidding expected to start from £2.8m.
The hotel comprises 33 en suite bedrooms across three adjoining buildings and features a bar, public areas, parking and views of the coast.
According to agents at Fleurets and Savills, who are managing the sale, the business is being offered as a going concern. The family-owned property has been operated by the same owners since 1997.
Bids for the Grade II-listed site must be submitted by Friday 15 May so that the sale will complete under an auction contract on Wednesday 20 May.
Nick Earee, divisional director at Fleurets, said: “The Lanes Hotel is a well-established seafront business with a strong trading history and a highly prominent position in one of the UK’s most popular coastal destinations.
“With its Grade II-listed status and significant potential, we anticipate strong demand ahead of the auction sale.”
Ben Hodges, director at Savills, added: “This is a superb and highly recognisable seafront property. Buildings of this size, character and prominence, particularly in such a prime beachside position, rarely come to the open market.
“The Lanes Hotel presents buyers with a genuinely rare opportunity to acquire an iconic Brighton hotel in one of the UK’s most popular and vibrant coastal cities.”
