Town centre hotel put up for sale to ‘test its valuation’
- Credit: Archant
The owner of a hotel in Great Yarmouth has put his 41 bedroom landmark building up for sale to 'test its valuation' following two years of substantial investment.
The Star Hotel is located just a stone's throw away from the town centre on Hall Quay and is valued at £925,000 on property specialists, Fleurets website.
Owner Paul Bossick bought the grade II listed building in October 2016 and said a 'substantial amount of refurbishment' has been done to it.
He now wants to see what its value would be on the market.
Mr Bossick said: 'We have had some great feedback from guests who are really pleased with the work we have done. We have to produce a valuation of the hotel fairly frequently so I thought it would be a good idea to put it on the market and test its valuation.
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'We have already had quite a lot of interest from hoteliers both formally and informally.'
The six-figure refurbishment has seen 19 of the 41 bedrooms stripped back and redecorated, new kitchens installed and the front section of the hotel completely revamped.
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Mr Bossick said he is about half-way through his project to refurbish the hotel with the lift and another 11 bedrooms set to undergo a thorough makeover.