Savills, on behalf of Sir Richard Sutton Limited (SRSL), has completed the sale of the freehold interest in The Queens Hotel Cheltenham to KE Hotels for an undisclosed sum.
An iconic Grade II* listed landmark, The Queens Hotel Cheltenham is one of Europe’s oldest purpose built hotels. Set on a 1.3-acre site, the property spans basement, ground, and three upper floors, offering 84 en suite bedrooms. The sale also includes a retail unit let to Brasserie Blanc, generating additional fixed income.
Located in Cheltenham’s historic centre, the hotel overlooks Imperial Square and Gardens, with dual frontage on Montpellier Avenue and Imperial Gardens and benefitting from high footfall near to Regent Arcade Shopping Centre.
The sale to KE Hotels was completed following a confidential marketing process.
James Greenslade, Director at Savills Hotels Capital Markets, says: “We are pleased to have sold this iconic asset working in close partnership with the SRSL team. The Queens Hotel offers significant value-add potential, including lapsed planning consent for a four-storey extension with function rooms and 17 additional bedrooms. The sale of this property mirrors the uptick in single asset transactions we are seeing in the market, with single asset transactions totalling £1.35 billion in H1 2025, marking an 8.4% year-on-year increase and 1.7% above the 10-year H1 average of £1.33 billion. We wish KE Hotels every success with their new venture.”