Fragrance Group buys Blackpool’s Lyndene Hotel

The Fragrance Group has acquired the Lyndene Hotel in Blackpool from a guide price of £6.5m.

The sale was overseen by international real estate advisor Savills, on behalf of a private vendor. Under its new ownership, the property will be managed by Bespoke Hotels.

The four-storey hotel features 141 bedrooms plus three bars and two separate lounges and function rooms.

It is arranged as two traditional Victorian blocks, occupying a detached island site on Blackpool’s Central Promenade.

Martin Rogers, head of UK hotel transactions at Savills, said: “The regional hotel market continues to perform strongly in 2017, with the North accounting for 36% of all hotel transactions in the first half of the year.

“Overseas investors are particularly active as they seek long term income from prominent local hotels.”

The post Fragrance Group buys Blackpool’s Lyndene Hotel appeared first on Hotel Owner.

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