Guernsey’s only Premier Inn offers a rare opportunity to acquire the Island’s newest purpose built hotel.

Benefitting from a 25 year lease guaranteed by the Whitbread Group with over 20 years unexpired and five yearly GRPI reviews, it provides an extremely solid investment proposition.

• The hotel is situated in the heart of Admiral Park – Guernsey’s prime financial services centre, on the northern edge of St Peter Port.
• The building comprises a 100 en-suite bedroom hotel with bar and restaurant set over ground and three upper floors.
• The hotel was constructed in 2021 and includes 110 onsite parking spaces.
• The hotel is let to Premier Inn (Guernsey) Limited (guaranteed by Whitbread Group Plc) until 12 December 2046 (20.75 years unexpired).
• The lease is subject to five yearly GRPI rent reviews with a collar and cap between 1% and 4% per annum compound.
• At a current passing rent of £753,808 per annum, the rent is anticipated to increase to £902,500 per annum from first review on13 December 2026.
• A full package of collateral warranties and latent defect insurance is available and assignable to the buyer.
• Premier Inn is the UK’s biggest hotel chain with 850 hotels, 86,000 rooms and 8,000 rooms in the committed pipeline.
• Whitbread Group PLC is a firm constituent of the FTSE 100 Index. The Whitbread Group employs over 34,000 people and recently topped the FTSE 100 Risers, following positive trading updates in January 2026.
• The property is held in an SPV. This enables a qualifying Collective Investment Scheme to acquire on a document duty exempt basis, thereby saving document duty of approximately 6.30%.
• Freehold.

Guernsey is a popular destination for tourists and business travellers alike, with the majority of visitors (62% for Q3 2025) choosing hotel nights over alternative forms of accommodation.

The number of visitors that stayed in Guernsey for at least one night but no more than 30 nights was 78,170 people in Q3 2025; 3% higher than Q3 2024 and 6% higher than Q3 2023.  Of these, 59% were here for leisure, 28% to see friends and family, 9% for business and 4% for other reasons.   In 2025 Guernsey’s new links to France via Brittany Ferries provided for a strong rise in French tourists compared with a surge of 75% in Q2 2025 compared to 2024.

The Subject Property is situated at Admiral Park in the heart of Guernsey’s new prime office district.  Admiral Park is extremely well positioned, midway between Guernsey’s two main urban centres of St Sampsons to the north and just one kilometre from St Peter Port to the south, just off of the main arterial route to and from the town centre.  There is also a number of highly regarded restaurants and bars nearby including China Red, Good Rebel and Otto, that serve both visitors and the 2,500 people working at Admiral Park every day.

The Subject Property was constructed as a purpose built hotel specifically for Premier Inn.  It was completed in December 2021 and includes 100 ensuite air conditioned double bedrooms, as well as a fully equipped restaurant with 70 covers, client lounge and smart reception.  It benefits from two lifts serving the upper floors with the bedroom accommodation being situated on the part ground and upper three floors.

Available with a Decennial Insurance & Collateral Warranties assignable to the purchaser.

The hotel comprises a gross internal area of 38,311 sq ft (3,559 sq m) and includes 100 ensuite bedrooms rooms.  15 rooms are larger Premier Plus rooms, and 5 are accessible. The hotel also features the popular Thyme Restaurant, lounge, bar and a smart reception area. 

The hotel includes onsite parking for 110 spaces, 20 of which are available on a full-time basis with the remaining 90 being available between 1800 and 0830.

In addition, there is ample cycle and motor bike parking situated in the wider complex.

The lease is granted on Full Repairing and Insuring terms for a term of 25 years from 13 December 2021, therefore expiring on 12 December 2046.  The principal rent is subject to five yearly GRPI rent reviews, with a collar and cap between 1% and 4% per annum compound. The next review is on 13 December 2026.

The rent is currently £753,808 per annum but is anticipated to increase to approximately £902,500 per annum, assuming GRPI continues to increase at the current rate of 3.4%.

The principal rent includes the rights to park in ten onsite parking spaces at any time with rights to park in a further 90 spaces between the hours of 1800 and 0830 each day.  In addition the Tenant has rights to park in a further ten spaces on an unrestricted basis at a current rent of £1,880.80 per space (included in the £753,808 per annum above). This parking rent is subject to annual GRPI increases on 13 December each year.

The lease grants the Tenant an option to renew for a further ten years following lease expiry.  The Tenant is obliged to pay a service charge in relation to the wider Plaza Estate and multi-storey car park. Whilst the service charge is subject to a cap, this expires on 12 December 2026, following which time all costs will be fully recoverable.

The property is let in its entirety to Premier Inn (Guernsey) Ltd, with the Whitbread Group PLC acting as Guarantor.  Premier Inn is the UK’s biggest hotel chain with 850 hotels, 86,000 rooms and 8,000 rooms in the committed pipeline.

Premier Inn (Guernsey) Ltd is a wholly owned subsidiary of the Whitbread Group Plc. Other brands within the Whitbread Group include Beefeater, Thyme Bar & Grill, Cookhouse & Pub, Bar & Block, Brewers Fare and Table Table.

Whitbread Group Plc is a solid constituent of the FTSE 100 Index.  It employs over 34,000 people and recently topped the FTSE 100 Risers, following positive trading updates in January 2026.  This saw the share price rising by 4% following release of the Q3 figures for the year ending 2025. This update announced UK accommodation sales being up 4% (outperforming the market), with F&B sales continuing to perform in line with expectations and cost efficiencies of £75m - £80m, (previously £65m - £70m) across labour, technology and procurement.

We are instructed to seek offers at in excess of £15,950,000 (Fifteen Million Nine Hundred and Fifty Thousand Pounds), subject to contract.

A purchase at this level reflects an attractive net initial yield of 5.25% exclusive of purchaser’s costs of 7.80%. This is based upon the GRPI rent review on 13 December 2026, which we estimate will increase to £902,500 per annum.  Such rent to be topped up by the Seller upon completion.