Bishopstrow House Hotel in Warminster is Under Offer

We understand from Christie & Co, the agents acting for the chain of Von Essen Hotels (following the Von Essen company falling into administration earlier this year) that Bishopstrow House Hotel in Warminster is one of 19 Von Essen properties which have successfully attracted investors.

Following two rounds of a bidding process, Christie & Co can report that 19 out of 28 of von Essen Hotels are now under offer.

The offers for the hotels are being progressed on a sub-group or individual basis with a variety of buyers including both experienced operators and high net worth individuals.

Chris Day, Managing Director of Christie & Co says: "As we anticipated, the portfolio attracted a great deal of interest nationally and internationally from a variety of operators and investors. Whilst portfolio interest was received, it was decided that the route to best value was through a sale on a sub-group and individual basis. The hotels that have not yet received acceptable offers have been reduced in price and will be immediately re-launched to the market — this is quite typical in multi-asset disposals such as this."

For reasons of commercial confidence, and while the offer process is still ongoing, Christie & Co is unable to reveal the names of prospective buyers, the structure of any sub-groups, nor the price level of offers received. We will have to wait and see what changes, if any, take place at Bishopstrow in Warminster over the coming months.