Selsdon Park Estate leasehold hits the market
The site dates back to the 17th century, and has had a hotel operating on the land since 1925
Property agency Savills is advising on the disposal of the long leasehold interest and part freehold interest in the Selsdon Park Estate, 126 Addington Road, South Croydon.
Selsdon Park Estate presents a full-service, recently refurbished, hotel and former members club, sitting within extensive parkland on a 198-acre site.
The site dates back to the 17th century, and has had a hotel operating on the land since 1925.
The latest iteration, Birch Selsdon, opened in 2023, providing a 181 key, lifestyle hotel and members club with two restaurants, three bars, six meeting and events rooms, coworking space, and wellness facilities including a gym, outdoor lido and tennis courts.
The former Birch Selsdon represented the second hotel under the Birch brand, following the opening of Birch Cheshunt in 2020.
Prior to this, Selsdon Park was operated by De Vere Hotels since 2003, and before that Le Méridien Hotels. Prior to its opening in March 2023, the property benefited from a significant amount of capital expenditure, totalling £15.3m over the last two years.
The property ceased trading in November 2023 and is available with vacant possession unencumbered by brand and management, providing significant operational and property upside opportunities in a key Greater London location.
The Hotel sits in a strategic position just 12 minutes’ drive from East Croydon Station, providing direct trains to London Victoria and London Bridge in just 20-minutes. Furthermore, the property is in very close proximity to Gatwick Airport, the UK’s second busiest airport.
Phoenix Chow, associate director, Hotel Capital Markets, Savills, said: “The Selsdon Park Estate offers a unique opportunity to acquire a prominent former lifestyle hotel. The hotel has undergone substantial improvements over the last two years and there remains several value-enhancing initiatives in place to improve top-line performance and Net Operating Income (NOI). We anticipate strong interest from the market for this opportunity, appealing to a diverse range of capital sources and accommodating various business plans and asset preferences.”
