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Premier Inn Norwich City Centre (Duke Street) Duke St 117 Room Hotel Norwich NR3 3AP $16,274,233 CAD ($139,096 CAD/Room) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- The property benefits from a prominent position in the heart of the city
- Premier Inn is the largest UK hotel brand and achieved over £1.3 billion in revenue in 2024/25
- Purpose-built 117 bed hotel with Premier Plus rooms.
EXECUTIVE SUMMARY
The purpose-built hotel was completed in 2004 and comprises approximately 42,452 sq ft. Arranged over ground and four upper floors, it offers 117 en-suite bedrooms, with lift access to all levels and luggage storage facilities. An on-site full-service Thyme Bar and Grill restaurant is provided.
PROPERTY FACTS
| Price | $16,274,233 CAD | Lot Size | 0.31 AC |
| Price Per Room | $139,096 CAD | Building Size | 47,531 SF |
| Sale Type | Investment | No. Rooms | 117 |
| Cap Rate | 6% | No. Stories | 5 |
| Tenure | Freehold | Year Built | 2005 |
| Property Type | Hospitality | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C |
| Price | $16,274,233 CAD |
| Price Per Room | $139,096 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 47,531 SF |
| No. Rooms | 117 |
| No. Stories | 5 |
| Year Built | 2005 |
| Parking Ratio | 0.84/1,000 SF |
| Corridor | Interior |
AMENITIES
- Restaurant
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 117 | $128.33 CAD | - |
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Premier Inn Norwich City Centre (Duke Street) | Duke St
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