A private UK investor who has a wealth of experience in the boutique hotel market has acquired a luxury aparthotel in Leeds in a multi-million pound deal.
Well the new owner’s identity has not been disclosed, they own a portfolio of other luxury boutique hotels including the four-star Quebecs Hotel in Leeds and the newly refurbished GreyFriars Hotel in Colchester.
The investor has acquired the iconic Old Post Office building in the city centre in Leeds from Highstone Estates, which has most recently been trading as aparthotel ‘Residence 6’.
Highstone Estates acquired the Old Post Office in 1987 and carried out a major refurbishment of the property in 2005 to create 23 serviced apartments alongside a pair of restaurant units, one of which of occupied by Restaurant Bar and Grill.
The Old Post Office was built in 1896 by Sir Henry Tanner, who was renowned for building some of the country’s grandest Victorian post office buildings, including in York and Birmingham.
The building was Leeds’ largest post office and also served as the city’s telephone exchange.
Jonathan Evans, director at Colliers International, added: “The new owners are pleased to have acquired this prestigious landmark property in the centre of Leeds. The restaurants are let to an established brand in Restaurant Bar and Grill, and the new Arc Inspirations, which will trade as Banyan, will add an exciting new concept to the centre of Leeds.
“The serviced apartments, Residence 6, now branded as Quebecs Luxury Apartments, will continue to operate exactly as before, but under new management.”