Asian investor swoops for strategically significant hotel
A Black Country hotel has been acquired by an Asian investor in a deal which further underlines the buoyant West Midlands hospitality sector.
The latest deal has seen Canada Life dispose of the Holiday Inn Birmingham – Walsall, which lies just off Junction 10 of the M6.
Specialist business property adviser, Christie & Co, sold the property on behalf of Canada Life to CL Capital, an Asian based investment fund. The value of the deal has not been disclosed.
The 156-bedroom hotel, rebranded as a Holiday Inn in 2011, has un... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
