The Grade II Listed Paragon Hotel in Birmingham is being taken to market by specialist property adviser Christie + Co with the freehold priced at £6 million.
The 250-room hotel is based in the city’s Alcester Street, close to the Bullring Shopping Centre, and is an imposing six-storey property, which was constructed in 1903 and is a fine example of Victorian Gothic architecture. It also houses 13 function rooms with capacities up to 600.
The hotel attracts a good level of corporate business both from Birmingham and surrounding areas, and has strong weekend leisure demand, boosted by extensive banqueting facilities which means the hotel can cater for a number of large weddings.
Gavin Wright, Director of Christie + Co, said:
“As part of the Dhillon Hotels group, the Paragon Hotel benefited from investment and development, with improvements to public areas and bedrooms. This plus its close proximity to the city centre and good leisure and corporate demand should be attractive to a variety of investors.”
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