Mercure Northampton hits the market for £11m

A purpose-built 146-bedroom hotel has gone up for sale with Knight Frank, two years after the property underwent a £1.2m refurbishment programme.

The 76,000 sq ft building is listed at £11m, and is one of two hotels set to be sold in Northampton and Essex on behalf of a joint venture between Frogmore Real Estate Capital and C1 Capital. 

Formerly a Park Inn by Radisson, the hotel was rebranded as Mercure Northampton as part of a full refurbishment in 2024, and includes a substantial restaurant, contemporary bar area and flexible meeting and conference facilities, with scope to host 400 guests in its largest function room.

Also up for sale is the 97-room Mercure Thurrock in Essex, an 18th-century former manor house, which is advertised separately at £8m – however, agents Knight Frank say the vendor would consider portfolio offers for the pair.

The Mercure Thurrock has also been listed at £8m. Credit: Knight Frank

“Mercure Northampton and Mercure Thurrock Stifford Hall both present excellent opportunities to acquire attractive hotel businesses in desirable locations,” said Chris Field of Knight Frank’s hotel brokerage team. 

“The recent refurbishment and re-branding of the hotels also offer an incoming purchaser the benefit of acquiring well capitalised assets that still provide further trading potential upside as they approach stabilisation.

“These hotels are located in markets that are likely to grow in the near future, with Northampton undergoing significant regeneration in the town centre and Thurrock set to benefit from the future development of Tilbury Docks and  the Lower Thames Crossing. We look forward to securing purchasers for both assets.”