Queens Court Hotel in Exeter, a Georgian-era property, has been acquired by the Harries-Jones family, marking a strategic expansion of their hotel portfolio.
- The property, located near prominent Exeter stations, features 20 guest rooms currently used as a bed and breakfast establishment.
- Previously owned by K Balendran since 2015, the hotel includes a lounge bar and function suite, albeit with its restaurant closed since 2020.
- Business property adviser Christie & Co facilitated the sale, which saw significant interest and competitive bidding, exceeding the initial asking price.
- Charlie Harries-Jones expressed plans to offer differentiated accommodation in regional UK cities, highlighting a commitment to collaboration with the existing hotel management.
Queens Court Hotel, a prominent Georgian-era establishment in Exeter, has been sold to the Harries-Jones family, known for operating the Galaxie Hotel in Oxford. The acquisition underscores the family’s strategic initiative to expand their portfolio and provide unique hotel experiences across regional cities in the United Kingdom. Located centrally near Exeter St David’s and Exeter Central stations, Queens Court Hotel offers 20 guest rooms. These rooms are currently utilized under a bed and breakfast model, adding a quaint touch to the city center’s accommodation landscape.
The hotel’s previous owner, K Balendran, had managed the property since 2015. Although the on-site restaurant has remained closed since 2020, the hotel continues to provide a lounge bar and a function suite, offering potential for future development under new ownership.
Christie & Co, a business property adviser, handled the meticulous sale process. Significant interest in the property led to competitive bidding, achieving a sale price that surpassed the original asking price. Stephen Champion of Christie & Co commented on the hotel’s market appeal, reflecting on their role in brokering sales of the property in 2005 and 2015.
Charlie Harries-Jones, representing the new ownership, announced their enthusiasm for acquiring Queens Court Hotel. He outlined their vision to enhance hotel offerings within regional UK cities while expressing gratitude towards those involved in the successful transaction.
The acquisition of Queens Court Hotel marks a significant step in the Harries-Jones family’s strategy to diversify and expand their hotel operations across the UK.
