Historic Peterborough city centre hotel goes up for sale

The Grade II listed property, in Westgate, is part of the Peel Hotels Ltd Group, founded in 1998 by one of the UK’s most accomplished hoteliers, Robert Peel.

Now the veteran has put four of his hotels on the market with specialist business property adviser Christie & Co – including The Bull Hotel, the founding acquisition on which Robert Peel established Peel Hotels, with a £7,500,000 guide price.

The city centre landmark with “huge heritage appeal” has 118 en suite bedrooms (standard and executive rooms, deluxe rooms and suites) alongside a brasserie restaurant, bar, lounge areas – which underwent a £1m refurbishment two years ago – and a secure enclosed car park.

With five conference and event suites hosting up to 250 guests, the hotel is one of Peterborough’s most established venues for weddings, meetings and business events.

Robert Peel, Chairman of Peel Hotels Ltd, commented: “Having led one of the largest hotel groups in Europe, and then created Peel Hotels in 1998, the time has come for me to enjoy some well-deserved rest as I approach my eighth decade, particularly as I started in the hospitality trade at the age of 17.

“I believe that Peel Hotels offers really traditional, high-quality accommodation, our food and beverage offering is one of the best across the markets we operate in, and our hospitality team are second to none.”

The Christie & Co listing invites offers on a guide price of £7,500,000 for the freehold & part leasehold interest on an asset sales basis as a TOGC (transfer of a going concern). A full list of staff to be transferred on completion will be provided.