Worthington sells hotel to charitable trust

Simon Donohue

Worthington Properties has reached agreement to sell an 83-bedroom hotel near Wrexham to a charitable trust for £5.2m.

Currently nearing completion on one of the main roads into the town, the four-storey hotel is leased to Premier Inn and will open this summer.

It is being bought by The Parks Trust, Milton Keynes.

The new hotel has transformed a formerly derelict site which covered approximately two acres, and will aid the town's physical regeneration while bringing a welcome economic boost to the area.

It is being built to a high 'green' standard which has achieved the construction industry's BREEAM rating assessment of 'very good'.

Russell Worthington, development director of Preston-based Worthington Properties, said: "The Parks Trust is acquiring a superb new hotel development, one which we believe will serve them well for the foreseeable future.

"As a business we are carving out a well deserved reputation for delivering projects of this kind and have recently completed a £10.5m Premier Inn in Preston and two Travelodge hotels worth £25m in Manchester and Liverpool."

Jenny Strathern, property director for The Parks Trust, said: "Worthington Properties has done a tremendous job developing this high-quality hotel complex.

"The work is being carried out to an extremely high standard and we are proud to add this Premier Inn to our commercial property portfolio.

"As a self-financing charity, our property portfolio generates the majority of our income so we have to ensure that we manage it wisely to secure the long term future of Milton Keynes' treasured parks and green spaces."

Once completed the Wrexham Premier Inn will take the total number of hotel beds completed by Worthington Properties to over 600 in just three years.

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