Novotel Milton Keynes comes to market
The Novotel Milton Keynes has been put up for sale for an undisclosed price.
KS Saxon Street has instrcuted Colliers to market the 124-bedroom hotel with vacant possession, free of management or franchise agreement.
Brand owner Accor is said to be welcoming discussions on both management and franchise options.
The three-star rated hotel features a gym, bar, a 75-cover restaurant and conference and events facilities.
It is also located a ten-minute drive away from the M1 motorway and Milton Keynes train station.
Kit Abram, associate director in the Hotel Capital Markets team at Colliers, said: "The Novotel Milton Keynes offers a great opportunity to acquire an asset free and clear of management in a strong south east market.
"We expect to receive a strong level of interest from UK domestic operators, cross-border, and international capital, as well as institutional investors seeking value add opportunities."
