Park Grand London HeatHrow - 449 Great west road, tw5 0BU - Christie & Co
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Park Grand London Heathrow
449 Great West Road, TW5 0BU
Park Grand London Heathrow
A unique opportunity Key Investment Highlights
124 en suite guest rooms finished to a Restaurant and bar
to acquire a substantial high specification
Available free and clear of Best Western
Fitness room
London freehold hotel, Plus branding and management, allowing Hotel redevelopment and refurbishment
for repositioning possibilities completed in 2012
Exclusive hotel parking for 38 vehicles
neighbouring Heathrow
Prominent and highly accessible position
near Heathrow Airport Site area c. 24,500 square feet
Four conference/meeting rooms
Airport
4-star AA rating
Christie & Co is seeking offers in excess of £24,000,000
March 2017 | Christie & Co | 2
Park Grand London Heathrow
H Ealing
Hospital
River Brent
Business Park
M4
M4 Airlinks Golf
Club
A4
A4
Osterley
Park Grand Station
London Heathrow
Heathrow
Airport Richmond
Park
A4
A4
Location Property
Twickenham
Stadium
Park Grand London Heathrow is located on the Park Grand London Heathrow comprises of lower
Great Western Road (A4), connecting Heathrow ground, ground and seven upper floors. After
Airport directly to Central London. This strong an extensive redevelopment and refurbishment
trading position results in simple access to key road programme, the hotel opened in June 2012, which was
networks including the M4 and M25 motorways. a strategic decision to ensure the hotel captured the
uplift in demand for rooms generated by the London
As a result of its close proximity to the hotel 2012 Olympics.
(approximately 6.4 km), Heathrow Airport is
expectedly one of the primary business demand The hotel offers 124 en suite bedrooms all finished to a
generators for Park Grand London Heathrow. high specification, in keeping with its 4-star rating. The
Guests are able to reach the airport in under 15 hotel also has a 66-cover restaurant and ground floor
minutes via car, or alternatively utilise nearby bar with seating, both of which are open to guests and
public transport connections including bus and the public.
rail services.
The hotel offers generous conference and meeting
An additional key source of business is generated room facilities comprising of four room hire options,
through the hotel’s proximity to Twickenham all listed on the following page. When not hired out,
Stadium, the home of English rugby, which is the meeting room on the seventh floor is used as the
only 3km away and can be accessed in around 15 hotel’s Club Lounge. The lounge is exclusive for hotel
minutes via car. Consequently, the hotel continually Club Members only and is an area where drinks and
benefits from sporting events at the stadium which refreshments can be ordered to.
run throughout the year.
There is a hotel car parking facility which has a
Public transport connections include Osterley capacity to accommodate for up to 38 vehicles.
Underground station (0.8 km) and Hounslow East
This map has been produced using ProMap and is an approximation of site boundaries. Please (0.97 km). Both these stations service the Piccadilly EPC Rating: B (41)
make your own enquiries of the Title Information contained within the data room. Line, which provides a direct connection to Central
London locations including; South Kensington,
Knightsbridge, Green Park and Covent Garden all
in approximately 30 minutes.
March 2017 | Christie & Co | 3
Park Grand London Heathrow
Facilities Overview Financial summAry
Guest Rooms Quantity Year end March 2015 Year end March 2016
Meeting & Conference
Club Double 4 Turnover: 2,790,641 Turnover: 2,955,304
Number of Rooms 4
Club Twin 27 YoY Growth: 21.1% YoY Growth: 5.9%
Area (sq m) 174
Deluxe Double 22 EBITDA 1,110,564 EBITDA 1,181,438
Combined Capacity 140
Deluxe Single 14 YoY Growth: 32.3% YoY Growth: 6.4%
Deluxe Twin 18
Junior Suite 5 Management Forecasts
Quad 1 Food & Beverage Covers
Year end March 2017 Year end March 2018
Superior Double 20 Hotel Restaurant 66
Turnover: 2,902,108 Turnover: 3,096,258
Superior Twin 5 Hotel Bar 30
YoY Growth: -1.8% YoY Growth: 6.7%
Triple 8 EBITDA 1,284,568 EBITDA 1,402,783
TOTAL 124
YoY Growth: 8.7% YoY Growth: 9.2%
March 2017 | Christie & Co | 4
Park
ParkGrand
GrandLondon
LondonHeathrow
Heathrow
The Business
Hotel Key Performance Indicators (KPI’s)
KPI 2015 2016 2017 2018
Occupancy (%) 81 81 86 85
ADR (£) 70.94 73.92 68.40 73.59
RevPAR (£) 57.43 60.08 58.54 62.62
Since opening in 2012 Park Grand Heathrow has seen consistent and encouraging growth in
profitability year on year. As per the hotel KPI data above, it is clear to see the hotel throughout
2015 and 2016 achieved a stable occupancy level of 81% but saw positive growth in ADR and
RevPAR of 4.2% and 4.6% respectively. With both inbound and domestic tourism set to increase for
London in 2017, following favourable exchange rates and higher levels of British ‘staycations’, the
hotel forecasts its occupancy to increase in line with demand to 86% for year end March 2017.
We have been advised that the notable growth in occupancy and reduction in ADR for 2017 is a
strategic decision implemented to counteract the impact of the hotel trading free and clear of the
Best Western brand and management. The owners foresee an opportunity to enhance the hotel’s
brand awareness once free and clear by focusing initially on achieving increased occupancy rates
at the hotel. Following increased brand awareness throughout 2017/ 18 the hotel has forecasted
healthy growth in ADR and RevPAR, whilst seeing occupancy stabilse to 85% by year end 2018.
STR benchmarking data for the full 2016 year can be provided upon request.
Corporate Clients
Below is a selection of existing corporate clients the hotel currently possesses.
Glaxo Smith Kline BBC
EYG Solution Vodafone
Capgemini N G Bailey
Singapore Airlines Steinhoff
March 2017 | Christie & Co | 5
Park Grand London Heathrow
Best Western MEMBERSHIP
Resignation from the existing Best Western membership agreement was
served by the proprietor on the 6th October 2016. As per the agreement this
resignation confirms the hotel shall be free and clear of Best Western Plus
branding and management effective 31 December 2017.
Resignation from this agreement offers prospective purchasers
vacant possession, and therefore repositioning and rebranding
opportunities for the hotel. Alternatively, re-admission of membership
is a possibility, as per the existing management agreement.
Heathrow Impact
Government approval for a third runway at Heathrow provides an opportunity to capitalise on
greater demand for rooms from increased flight volume. Reports by the Airport Commission
indicate an additional 260,000 flights a year are now anticipated from Heathrow Airport. Demand
from those flying, coupled with the demand for rooms from those involved in the construction
will also benefit the hotel. Construction of the runway is expected to begin in 2021 with a
completion date nearing 2025.
Increased flight numbers from Heathrow Airport also provides prospective purchasers the
opportunity to acquire a multitude of airline contracts for cabin crew. This is an area currently
not explored by management.
March 2017 | Christie & Co | 6
Park Grand London Heathrow
Viewings & Contact
Christie & Co and Ventrotour Ltd have been jointly appointed to market this property for sale.
No direct approaches are to be made to the hotel or its staff. All requests for viewings to be made via the persons below.
Justin Davies Andrew Evangelou
Broker Hotels Director Hotels
T: +44 20 7227 0711 T: +44 208 370 3114
M: +44 7917 630 318 M: +44 7917 372 426
E: justin.davies@christie.com E: andrew.evangelou@christie.com
N. Malkan & Co
Nila Malkan
T: +44 208 866 3044
M: +44 7770 666 696
E: nilamalkan@gmail.com
CONDITIONS OF CHRISTIE & CO’S INFORMATION
These sales particulars are prepared as a general guide to the property (which expression includes business and trade content, if any, included in the sale) for the convenience of a prospective purchaser (an “Acquirer”) and are intended for business people familiar with commercial
transactions. If you are not sure that you fit this description you should take relevant independent advice before proceeding further. Christie & Co for themselves and for the Client, give notice that: (a) these particulars are made without responsibility on the part of Christie & Co or the
Client; they do not obviate the need to make appropriate searches, enquiries and inspections, nor do they constitute any part of an offer or contract, and statements herein are not to be relied upon as statements or representations of fact; any Acquirer must satisfy himself, by inspection
or otherwise, as to their correctness and any error, omission or mis-description therein shall not affect or annul the sale or be grounds for rescission or compensation; (b) the Client does not make or give, and neither Christie & Co nor any of their employees has any authority to make
or give, any representation or warranty whatsoever in relation to the properties; (c) Christie & Co has not carried out a detailed survey, nor tested the services, appliances and specific fittings; (d) dimensions (where given) are approximate and should be verified by an Acquirer; and (e) any
accounts or financial statements or registration information provided to an Acquirer are provided on behalf of the Client by Christie & Co, who cannot therefore offer any guarantee of their completeness or accuracy, and accordingly shall not be liable for any loss, damage, cost, expenses
or other claims for compensation arising from inaccuracies or omissions therein. These details were believed to be correct at the date of publication but their accuracy is not guaranteed. Subject to contract. Copyright Reserved Christie & Co. March 2017
January 2017 | Christie & Co | 7
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