Inside Smiths Hotel in Weston-super-Mare which is on the market for the first time since 1992
A coastal hotel has come on the market for the first time since 1992. The Smiths Hotel in Weston-super-Mare has been put up for sale despite its prime location and six-figure annual net profits.
The hotel has 50 en suite rooms spread over three different floors with an elevator for all levels. Its uninterrupted views of the Grand Pier and the long sandy beach of Weston Bay are unparalleled for guests.
There is also a lounge with a capacity of 80 people, a restaurant with a capacity of another 80 people, a spacious dining room, a bar and a lounge by the water. In addition, in summer, the large outdoor terrace facing the sea can accommodate an additional 180 people.
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Just four miles from Junction 21 of the M5 and a short drive from Bristol, it is an ideal location for those visiting the city. In addition to this, Weston-super-Mare benefits from main rail links across the country.
The Smiths Hotel has a guide price for offers above £2.2 million and generates adjusted net profits of over £300,000 each year. It has proven to be a huge success not only from a customer perspective, but also in terms of year-on-year revenue and profit growth.
The hotel operates from February to December with income from the bar, restaurant and accommodation rental. The summer months prove extremely popular due to the prime commercial position and large outdoor terrace.
The property’s prime location attracts the many visitors who stroll down the road to the beach and downtown. The large outdoor terrace has a capacity of 180 people, making it perfect for summer and passing visitors.
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