The Rutland Hotel in Sheffield has been sold to international hotel operator Ellerslie off an asking price of £2.65m.
The four-star hotel, which comprises 63 bedrooms plus ‘extensive’ F&B facilities, has been acquired from Claypenny Hotels Limited.
Incoming owner Ellerslie currently owns and operates the Discovery Inn in Leeds city centre.
The Rutland benefits from being the main hotel in the university area of the city and has a ‘consistently strong bedroom-led trade’.
Ellerslie said there was the potential to increase sales revenue and that the plan was ‘exciting’.
Peter Bean, director, hotels agency, Colliers International in Leeds, said: “The facilities on offer at the hotel represent an exciting business development opportunity for the new buyers, who will no doubt bring their expertise and experience from running the highly successful Discovery Inn in Leeds to the fore when deciding how to take The Rutland forward.”
Tasneem Watson, director, Ellerslie, added: “We plan to work closely with the established team in Sheffield over the coming months to identify any necessary improvements needed and will likely refurbish the property over time in order to ensure we are in the best possible position to attract and welcome existing and new customers to the Rutland for years to come.”