Properties

Hotel Indigo Exeter

3 Catherine Street, Exeter, EX1 1EU & Units 1 - 4 Colson's Parade, High Street, Exeter, EX4 3LN

  • Guest Room

    104
    Guest Rooms

  • Land Area

    ~1,250 sq m
    Land Area

The freehold property consists of an upscale lifestyle boutique hotel with 104 rooms and two tenanted retail units. The hotel underwent an extensive conversion from a House of Fraser department store and fully opened in October 2023, showcasing modern and contemporary design elements with high-quality finishes. It features three F&B outlets (a restaurant, sports bar and rooftop bar), a luxurious spa and sauna, gym and meeting room. Nestled in the heart of Exeter, the hotel is on the doorstep of the main retail high street, the Princesshay Shopping Centre which is the pre-eminent shopping destination in Exeter. The property is close to the commercial district, major transport nodes and iconic attractions. The nearby University of Exeter will attract leisure travellers from visiting parents and guests during graduation months.

NOTABLE ACCOLADES

  • • Best of British Getaway Awards 2023 | Best Spa in Devon

 

Property Details [  –  ]
Number of guest rooms 104
Number of F&B outlets Three outlets comprising Colson's Bar & Grill, Dugout Bar and Becketts (rooftop bar)
Banquet/Conference/Meeting facilities One meeting room (accommodates up to 12 people)
Other facilities Fitness suite, and luxury spa featuring two Hydropool hot tubs, sauna and steam room
Two retail units
Land area ~1,250 sq m
Title Freehold
Purchase price at 6 November 2024  £19.4 million(1)
Valuation(2) as at 30 September 2024 £19.5 million 
Green Rating/Certification EPC "B" Rating
Hotel Management Agreement Details [  –  ]
Operator Michels & Taylor
Term of hotel management agreement 6 November 2024 to 31 December 2034
  • (1)The purchase price of £19.4 million refers to the price of the property and excludes adjustment for net working capital.
  • (2)The property was valued by CBRE Limited using the Discounted Cash Flow method for the hotel component and Capitalisation method for the retail component.

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