Wed, 09 Sep 2015 | BUSINESS SALE
A boutique hotel in Leeds has been put up for sale shortly after its development was completed.
Currently owned by RBS, The New Ellington Hotel is located in the centre of the city and offers a full service hotel, as well as conference facilities and a popular bar called the Gin Garden.
It has become particularly popular with musicians visiting the city thanks to its proximity to the O2 Academy and First Direct Leeds Arena, both popular venues with musicians touring.
Colliers International, is selling the hotel on behalf of RBS and the price tag for the business has been set in the region of £2.5 million.
Julian Troup, head of UK hotels at Colliers, commented on the sale: “It's not often that hotels in the centre of Leeds come to the open market, so we expect to see a great deal of interest from a wide range of potential buyers eager to acquire a piece of real estate together with a successful hotel business in one of the UK’s fastest growing cities.”
Troup added that the city centre is set to be “transformed” over the coming years with a new mixed-use scheme planned for the former Yorkshire Post newspaper site. The hotel is expected to benefit from this additional development
View more businesses for sale.
Offers permanent and temporary placements to candidates operating within the accountancy and financial sectors. Maintains long-term relationships with its clients, acting as a trusted advisor to provide impartial and effective support throughout the...
LEASEHOLD
Provides a comprehensive consultancy service within the building industry. Works with major BEMS systems manufacturers and suppliers and has extensive in-house knowledge. Offers invited.
LEASEHOLD
Strong second-tier management team in place, able to manage the day-today operations of the business. Serves 200 active clients in the healthcare, veterinary and life science sectors - with some long-standing client relationships in place since incep...
LEASEHOLD
|
13
|
|
Dec
|
Gateley acquires T-three | BUSINESS SALE
Commercial law and professional services firm Gateley has ac...
|
12
|
|
Dec
|
Appello acquires Mevivo Careline | BUSINESS SALE
Living solutions provider Appello has acquired telecare and ...
|
11
|
|
Dec
|
PiggyBank owner enters administration | ADMINISTRATION
DJS Limited, the parent company of payday lender PiggyBank, ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
02
|
|
Dec
|
Administrators put cut price Bicester boutique hotel up for sale | BUSINESS SALE
The Manor, a 32-bedroom hotel near Bicester, Oxfordshire, ha...
|
23
|
|
May
|
Fintech company Loot collapses into administration | ADMINISTRATION
After failing to secure further backing from the Royal Bank ...
|
30
|
|
Jan
|
Famous Lake District hotel for sale at £2m | COMMERCIAL PROPERTY
A famous hotel in the North of England which welcomed guests...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources