Sheffield’s only four-star boutique hotel has been sold for over the asking price of £4m.
The Leopold Hotel in the city centre has been sold on by Joint Receivers Adrian Berry and Daniel Smith, Partners at Deloitte LLP, to an undisclosed international hotel management company, who are now bidding to transform the property.
Originally built in 1800 and later becoming the Central technical School for boys, the property was restored and converted into a boutique hotel in 2007.
The hotel consists of 89 bedrooms, a bar, restaurant, fitness suite, plus conference and wedding facilities and attracted a significant level of interest from buyers.
Commenting on the sale, Julian Troup, head of UK hotels agency at Colliers International said: “This deal represents an unrivalled opportunity to own Sheffield’s only four-star boutique hotel. The property is ideally located in the city centre just half a mile from the train station and in close proximity to the town hall and the Peace and Winter gardens, which form the centrepiece of the urban regeneration of Sheffield.”
The hotel went up for sale in January by its private investor owner who had owned the property for eight years. The sale now means that the jobs of all 70 employees have been saved.