Get all your news in one place.
100's of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
David Laister

£7m price tag on Cleethorpes' Premier Inn as investment opportunity hits the market

Cleethorpes’ Premier Inn has hit the market for a cool £7 million.

The investment opportunity includes the 84-room hotel and adjoining 192-cover Brewers Fayre restaurant, let on a long-lease to the Whitbread Plc company.

Birmingham-based investment house Connection Capital bought the site for £5.49 million from northern Lincolnshire developer Maltgrade as the Meridian Point site opened in 2014, having helped finance the project - a model replicated within the portfolio.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.