Royal York & Faulkner Hotel, The Esplanade, Sidmouth
- SIZE
Ask agent
- SECTOR
Hotel for sale
Key features
- Significant seafront hotel offering 70 en suite bedrooms
- Long established, highly profitable business with further growth potential
- Two, interconnecting restaurants, 120 covers
- Three elegant lounges
- Aspara Spa; with hydrotherapy pool, sauna, steam and treatment rooms
- Superb owner's maisonette with potential for conversion
- 15 staff bedrooms
- Rare car parking provision
- Revised offering: Two residential units available via separate negotiation
Description
THE HOTEL
The Royal York and Faulkner is a Grade II listed Regency Hotel in an excellent position on the centre of Sidmouth’s Esplanade, benefiting from high footfall along the seafront and adjacent town. The property has been under the same family ownership for three generations, who are now seeking a retirement sale.
The Hotel comprises 70 sympathetically decorated bedrooms, many with far reaching sea-views and a number leading to the balcony. The restaurant features oak panelling and excellent views of the sea and Esplanade. The Hotel has three beautifully furnished lounges where guests can relax in comfort. In addition, the Hotel has a stunning spa with mosaic tiled hydrotherapy pool, steam cabin and traditional sauna, as well as two treatment rooms. The spa benefits from both guest and local custom.
The contemporary styled Blinis Café-Bar & Bistro, with its own entrance from the town, has a strong non-resident trade.
ACCOMMODATION
The Hotel comprises 70 individually styled, en suite bedrooms, 29 of which benefit from far reaching sea views over Lyme Bay and 8 of which lead to the balcony which extends the length of the first floor.
OWNER'S ACCOMMODATION
The existing owner’s maisonette enjoys a prime position within the hotel.
There is potential to convert the accommodation and create four additional premium double bedrooms, 2 of which would lead to the balcony, subject to obtaining the necessary planning consents.
This would increase the total bedroom count to 74 and would be accretive from an EBITDA perspective given the strong conversion to bottom line of rooms business.
Estimates based on 2024 occupancy (71%) at 2024 room rates, the additional rooms would generate £209,000 in additional net sales.
HOTEL RESTAURANT
The Hotel Restaurant enjoys spectacular sea views and provides 120 covers in an attractive oak panelled setting.
The bright and airy Faulkner Lounge Bar enjoying views of the Esplanade and Lyme Bay, is an elegant whilst casual setting, accommodating up to 80 guests.
HOTEL PUBLIC AREAS
The Hotel has three guest lounges, each beautifully decorated and
styled to offer guests a variety of areas in which to relax.
The sea facing York Lounge is a popular venue for Afternoon Tea,
providing seating for 36.
The elegant Reading Room with period features and toile panels, seats
21 guests in a mix of armchairs and sofas.
The contemporary styled Writing Room has seating for 14.
The generous public areas would suit a variety of uses, including,
meeting and event rooms, further F&B facilities or indeed additional
guest bedrooms, subject to obtaining the necessary consents.
BLINIS CAFÉ BAR
Blinis Café-Bar, whilst owned and operated by the hotel, has its own entrance from the town and an independent kitchen. Contemporary in style, it is popular with both guests and non-residents alike. Ideally situated to benefit from passing trade, Blinis has a strong local reputation and there is opportunity to extend opening hours to include evenings and Sundays.
SPA
The Hotel’s Aspara Spa features a stunning interior with mosaic tiled hydrotherapy pool, steam cabin and traditional sauna. There are also two treatment rooms. The Spa has its own dedicated entrance and has a strong local following.
UPSIDE POTENTIAL
There is substantial upside potential within the existing property, subject to obtaining the necessary consents:
- Conversion of owners’ flat to create circa 4 bedrooms which would include two very
desirable premium doubles with sea view and balcony, one premium double with sea
view and one double room at the rear. Accretive to both topline and EBITDA
- Conversion of Reading Room to create additional bedrooms / meeting space
- Conversion of Writing Room to create additional bedrooms / events space
- Possibility of repurposing some staff accommodation to revenue generating space
Blinis Café-Bar currently opens from 9am to 5pm Monday - Saturday. There is an
opportunity to extend the trading hours to offer evening meals, drinks and Sunday
lunch.
- Currently, one of the guest bedrooms (sea view double with adjacent private
bathroom) is used as a staff bedroom. This could be converted to include an en suite
and be used as an additional letting room.
STAFF ACCOMMODATION
- Spacious owner's maisonette comprising two bedrooms, two bathrooms, kitchen and lounge/diner.
- 15 staff bedrooms (9 double / 6 single) in the main building, 3 of the doubles are en suite.
AMENITIES AND EXTERNAL AREAS
Generous modern commercial Hotel kitchen with similar satellite kitchen adjoining Blinis
Café-Bar. Ground floor offices, staff areas, storage and back of house areas. Small outdoor
terrace / seating in front of the Faulkner Lounge Bar.
There is car parking to the rear of the Property for up to 18 vehicles, which is unusual
within the town of Sidmouth. In addition, the Hotel has access to permit parking in the
large public car park at the rear of the hotel.
In total, the site extends to 0.332 acres.
The Royal York and Faulkner Hotel is located in the charming Regency resort of Sidmouth, East Devon.
The area is renowned for its stunning coastline, rolling countryside, charming villages and towns and is a popular year-round holiday destination.
The area is easily accessible from the Midlands and London and the South East; Junction 30 of the M5 motorway circa 12 miles to the West. The A303, accessed via the A30, is 10 miles to the North.
The nearest mainline train station is Honiton, circa 9 miles away, offering a direct line to London Waterloo with a journey time is approximately 2 hours and 50 minutes.
Exeter Airport is 11 miles from the Hotel and offers domestic and continental flight routes.
Royal York & Faulkner Hotel, The Esplanade, Sidmouth
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Feniton Station7.7 miles
Notes
Disclaimer - Property reference 0D528CA0-6A09-4EF3-9C5A-391A6855440A. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Exeter. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.