The Leopold Hotel in Sheffield has gone on the market for the first time in eight years.
Colliers International is marketing the property on behalf of the private investor owners, who have owned the hotel for almost a decade.
While the asking price hasn’t been revealed, Colliers and Bilfinger GVA are inviting substantial offers for the long leasehold interest.
The Leopold Hotel is Sheffield’s only four-star boutique hotel and has an extensive history. Built in 1800 and originally a boys grammar school, the hotel was restored and converted into a four-star boutique hotel in 2007. The hotel consists of 89 bedrooms, a bar, restaurant, fitness suite as well as conferencing and wedding facilities.
It attracts business from Sheffield’s corporate market, together with tourist and function-related business.
Julian Troup, Head of UK Hotels Agency at Colliers International, said: “The hotel has good quality room stock and facilities and is well positioned to compete in the local market place. The hotel has the potential to be branded, which could enable a purchaser to enhance the earnings and profitability of the business.”
On the instruction, David Creamore, Director of Hotel Agency at Bilfinger GVA commented: “The hotel’s location is close to city centre attractions, including the Sheffield Lyceum, the Sheffield O2 Academy and the main Sheffield Hallam University campus, all within easy reach.
“The hotel is also near the sites of two major sporting venues; namely the world famous Crucible Theatre – the location of the annual World Snooker Championships, and Ponds Forge International Sports Centre – home of one of only nine Olympic standard swimming pools in the UK and the site of numerous international swimming championships.”