Premier Inn Hotel, St Peter Port

Description

Guernsey’s only Premier Inn offers a rare opportunity to acquire the Island’s newest purpose built hotel. Benefitting from a 25 year lease guaranteed by the Whitbread Group with over 20 years unexpired and five yearly GRPI reviews, it provides an extremely solid investment proposition. The hotel is situated in the heart of Admiral Park – Guernsey’s prime financial services centre, on the northern edge of St Peter Port. The building comprises a 100 en-suite bedroom hotel with bar and restaurant set over ground and three upper floors. The hotel was constructed in 2021 and includes 110 onsite parking spaces. The hotel is let to Premier Inn (Guernsey) Limited (guaranteed by Whitbread Group Plc) until 12 December 2046 (20.75 years unexpired). The lease is subject to five yearly GRPI rent reviews with a collar and cap between 1% and 4% per annum compound. At a current passing rent of £753,808 per annum, the rent is anticipated to increase to £902,500 per annum from first review on 13 December 2026. A full package of collateral warranties and latent defect insurance is available and assignable to the buyer. Premier Inn is the UK’s biggest hotel chain with 850 hotels, 86,000 rooms and 8,000 rooms in the committed pipeline. Whitbread Group PLC is a firm constituent of the FTSE 100 Index. The Whitbread Group employs over 34,000 people and recently topped the FTSE 100 Risers, following positive trading updates in January 2026. The property is held in an SPV. This enables a qualifying Collective Investment Scheme to acquire on a document duty exempt basis, thereby saving document duty of approximately 6.30%. Freehold. Guernsey is a popular destination for tourists and business travellers alike, with the majority of visitors (62% for Q3 2025) choosing hotel nights over alternative f