DCSIMG

Top Portsmouth hotel goes on the market for new owners

The Clarence Hotel in Clarence Road, Southsea

The Clarence Hotel in Clarence Road, Southsea

IT’S been named as one of the nicest places to stay in the country – and now this top hotel has been placed on the market.

The Clarence, in Clarence Road, Southsea, won two TripAdvisor Travellers’ Choice Awards this year.

It was also named one of the top places to stay in the area for the past three years.

It is now being sold by a hotel specialist in Winchester.

The agent told The News the hotel has been put on the market because its owners are retiring.

The sale comes following news that Portsmouth City Council went to investors in London asking for more hotels to be invested in and built in the city.

A prospectus was put together showcasing the city’s hotels along with plans for new ones.

Last month, The News reported the sale of the Hilton Hotel in Farlington, which will take place on July 31.

The Portland Hotel building in Southsea has also been put up for sale, and will be auctioned in Southampton later this month.

On The Clarence’s sale, Tim Widdows of Christie + Co’s Winchester office, said: ‘We consider there is significant scope for an experienced owner or operator to invest in this opportunity and benefit from the excellent reputation the existing owners have managed to achieve.

‘An area of potential expansion and improved turnover is the restaurant, which is currently not open for evening trade. The hotel is currently ranked number one on the TripAdvisor website out of 39 hotels in Portsmouth, with a 97-per-cent approval rating.

‘It has won numerous accolades including the 2014 Traveller’s Choice award, and has been voted in the top 10 UK small hotels.’

The Clarence is currently open to only adults, is of Edwardian design and has a ‘small, intimate restaurant’ with 12 to 16 tables.

Specialist property adviser Christie + Co is expecting strong interest in the hotel, which has a freehold asking price of £895,000.

Currently, the boutique hotel is ranked seventh in a list of the top small hotels in the UK.

 

Comments

 
 

Back to the top of the page