Royal York & Faulkner Hotel The Esplanade 72 Room Hotel Sidmouth EX10 8AZ $7,904,628 CAD ($109,786 CAD/Room)

The Royal York and Faulkner is a Grade II listed Regency Hotel in an excellent position on the centre of Sidmouth’s Esplanade, benefiting from high footfall along the seafront and adjacent town. The property has been under the same family ownership for three generations, who are now seeking a retirement sale.
The Hotel comprises 70 sympathetically decorated bedrooms, many with far reaching sea-views and a number leading to the balcony. The restaurant features oak panelling and excellent views of the sea and Esplanade. The Hotel has three beautifully furnished lounges where guests can relax in comfort. In addition, the Hotel has a stunning spa with mosaic tiled hydrotherapy pool, steam cabin and traditional sauna, as well as two treatment rooms. The spa benefits from both guest and local custom.
The contemporary styled Blinis Café-Bar & Bistro, with its own entrance from the town, has a strong non-resident trade.
The Hotel comprises 70 individually styled, en suite bedrooms, 29 of which benefit from far reaching sea views over Lyme Bay and 8 of which lead to the balcony which extends the length of the first floor.
The existing owner’s maisonette enjoys a prime position within the hotel.
There is potential to convert the accommodation and create four additional premium double bedrooms, 2 of which would lead to the balcony, subject to obtaining the necessary planning consents.
This would increase the total bedroom count to 74 and would be accretive from an EBITDA perspective given the strong conversion to bottom line of rooms business.
The Hotel Restaurant enjoys spectacular sea views and provides 120 covers in an attractive oak panelled setting.
The bright and airy Faulkner Lounge Bar enjoying views of the Esplanade and Lyme Bay, is an elegant whilst casual setting, accommodating up to 80 guests.
The Hotel has three guest lounges, each beautifully decorated and styled to offer guests a variety of areas in which to relax.
The sea facing York Lounge is a popular venue for Afternoon Tea, providing seating for 36.
The generous public areas would suit a variety of uses, including, meeting and event rooms, further F&B facilities or indeed additional guest bedrooms, subject to obtaining the necessary consents.
Blinis Café-Bar, whilst owned and operated by the hotel, has its own entrance from the town and an independent kitchen. Contemporary in style, it is popular with both guests and non-residents alike. Ideally situated to benefit from passing trade, Blinis has a strong local reputation and there is opportunity to extend opening hours to include evenings and Sundays.
The Hotel’s Aspara Spa features a stunning interior with mosaic tiled hydrotherapy pool, steam cabin and traditional sauna. There are also two treatment rooms. The Spa has its own dedicated entrance and has a strong local following.
There is substantial upside potential within the existing property, subject to obtaining the necessary consents: - Conversion of owners’ flat to create circa 4 bedrooms which would include two very desirable premium doubles with sea view and balcony, one premium double with sea view and one double room at the rear. Accretive to both topline and EBITDA - Conversion of Reading Room to create additional bedrooms / meeting space - Conversion of Writing Room to create additional bedrooms / events space - Possibility of repurposing some staff accommodation to revenue generating space Blinis Café-Bar currently opens from 9am to 5pm Monday - Saturday. There is an opportunity to extend the trading hours to offer evening meals, drinks and Sunday lunch.
- Currently, one of the guest bedrooms (sea view double with adjacent private bathroom) is used as a staff bedroom. This could be converted to include an en suite and be used as an additional letting room.
- 15 staff bedrooms (9 double / 6 single) in the main building, 3 of the doubles are en suite.
Generous modern commercial Hotel kitchen with similar satellite kitchen adjoining Blinis Café-Bar. Ground floor offices, staff areas, storage and back of house areas. Small outdoor terrace / seating in front of the Faulkner Lounge Bar.
There is car parking to the rear of the Property for up to 18 vehicles, which is unusual within the town of Sidmouth. In addition, the Hotel has access to permit parking in the large public car park at the rear of the hotel.