Hilton Belfast Templepatrick on the market for £7m
The Hilton Belfast Templepatrick Golf & Country Club has been brought to market with a price tag of at least £7m.
The 129-bedroom property was purpose-build in 1997 and is set in 220 acres of parkland on the Castle Upton Estate, owned by former Ulster Unionist MP Danny Kinahan.
The hotel is being offered for sale ahead of its conversion to a DoubleTree by Hilton, either under management agreement or franchise agreement with Hilton.
The property also has conference and banqueting facilities for up to 500 delegates; one of the largest LivingWell Clubs in the UK with more than 1,200 external members; a swimming pool, fitness suite and spa; and a par-72 championship 18-hole golf course.
Total revenues at the hotel were approximately £6m for financial year ending 31 December 2016; the forecast for year end 31 December 2017 is £6.2m.
The current passing rent is £200,000 per annum and is subject to rent reviews every seven years.
Christie & Co is marketing the property.
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