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News Release

Leeds

Well known north Leeds hotel changes hands

In property deal which will save 42 jobs 


Leeds, 10 February 2012 – A well known hotel in north Leeds has been successfully sold by property consultants Jones Lang LaSalle Hotels

The 103 bedroom Ramada Hotel Leeds North in Seacroft was sold on behalf of Kirstie Provan and Mark Fry of BegbiesTraynor, the Joint Administrators of Millgreen View Securities Limited.  The hotel has been bought for an undisclosed sum by Britannia Hotels, a privately owned hotel chain, who already own 37 hotels across the country.

The hotel is well known in the area as it incorporates the shell of the old Seacroft Windmill, which has been a local landmark for many generations.  Situated six miles from Leeds city centre, the hotel also offers a 78 cover restaurant and a range of conference and banqueting facilities for up to 340.

Joint administrator, Kirstie Provan said: “I am delighted that we have achieved a sale of the hotel as a going concern which will save 42 local jobs in the Seacroft area.”

Commenting on their future plans Alex Langsam, Managing Director of Britannia Hotels, added: “We are delighted to add this hotel to our portfolio. We have changed the name of the hotel to Britannia Leeds Hotel and will be carrying out a programme of refurbishment and adding extra bedrooms. We look forward to welcoming guests and feel sure they will appreciate the improvements taking place.”

Chris Moore, Director in Jones Lang LaSalle’s Hotels team, concluded: “We expected and received strong interest in this hotel which enabled contracts to be exchanged within two months of launching the sales campaign. This underlines the considerable appetite in the market for corporate size properties and especially where there is clear potential to grow the existing business.”