Prime City Centre Branded Hotel Opportunity, 3 Catherine Street, Exeter | Property for sale | Savills
72,000 sq ft(6,689.02 sq m)
Excess of £24,000,000

Prime City Centre Branded Hotel Opportunity3 Catherine Street, Exeter

  • Freehold
Hotel
72,000 sq ft (6,689.02 sq m)
104Bedrooms

Key features

  • 104 Bedroom Hotel Indigo, including eight suites
  • Upscale boutique Hotel, fully opened in July 2023
  • Three food and beverage outlets including rooftop bar
  • The award-winning Retreat Spa with four treatment rooms
  • Two retail units, let to Mountain Warehouse and Holland & Barrett
  • Freehold

Outstanding, recently developed, lifestyle hotel in a prominent city centre location including two fixed income producing retail units on Exeter’s High Street.

About this property

  • The sale comprises a significant branded hotel and two high street retail units, fully let and delivering strong fixed income.

    The hotel is operated under a Hotel Indigo franchise from IHG. The Hotel Indigo brand is synonymous with character and design-led comfort which complements their locations.

    Offers are sought for the whole on an asset basis with the sale to be by way of a transfer of a going concern.

    Please contact James or Harriet for more information.

Local information

  • Exeter offers a Russell Group University with circa 30,000 students of which around 25% are overseas. In 2024 it was ranked 11th in the Times Good University Guide. Exeter College has around 7,500 students. Both institutions are in close proximity to the Hotel Indigo. As well as the corporate business, there is additional room business and food and beverage spend obtained via Exeter’s thriving tourism offering.
  • Exeter city centre is a major shopping destination and focal point for the surrounding area. Exeter City Council estimates that the city centre footfall sees on average 1.36 million people per month. The Hotel sits in the centre of Exeter, adjacent to the Cathedral Green, a focal point for the city centre.
  • A number of large regional and national businesses are located in the city including the Met Office and Pennon Group (parent company of South West Water), alongside a range of leading regional professional services firms, delivering an excellent base of corporate business.