Hotel owner, developer and operator Starboard Hotels has announced the purchase of the 130-bed Holiday Inn Express, Leeds Armouries from Stellar Leeds Ltd.
Starboard has today (Wednesday May 4th) completed on the hotel, which was on the market for offers over £8 million. Christie and Co acted on behalf of Stellar Leeds Ltd, in the sale which now sees Starboard’s portfolio of UK-wide properties rise to 10 hotels, three of which are now in Yorkshire.
The city-centre Holiday Inn Express, located close to Clarence Dock and the world famous Leeds Armouries museum is set to be part of the exciting Leeds South Bank regeneration area, described as one of the most significant regeneration projects in Europe.
Paul Callingham, managing director of Starboard Hotels said: “This is a strategic acquisition for Starboard, being our 10th hotel, our third Holiday Inn Express and our third hotel in Yorkshire. We are delighted to be expanding further and welcome the Holiday Inn Express Leeds on board. It is a great hotel in a superb location and has an excellent reputation which we will continue to develop. Furthermore, the regeneration plans for the area mean our investment has come at exactly the right time for the hospitality sector in the city.”
“We believe we can add significant value to the hotel offering in Leeds. This is a thriving city with a vibrant, unique mix of business and retail commerce in addition to it’s growing student population.”
Built in 2006, this modern, purpose built Holiday Inn Express features 130 bedrooms, three meeting rooms and a bar/restaurant. Starboard is taking over the existing business on a long lease-hold with the existing team, led by the General Manager Lisa Sutcliffe remaining in place. The hotel will continue trading as a Holiday Inn Express and will be operated by Starboard Hotels Ltd under franchise from IHG.
Starboard already has plans to refurbish the hotel rooms to the new generation 4 standard, offering a technology and design led guest experience to meet the changing demands of the modern-day traveller. Room features will include Smart TV’s, allowing guests to stream from their own personal devices or to log in to apps using free wi-fi, beds with extra-padded, noise-reducing headboard and flexible work/rest space instead of traditional desks.
Paul added: “We are looking forward to working with the team there, using our wealth of experience as operators and developers to build a great future for the hotel.”
In addition to the Holiday Inn Express hotels in Burnley, Greenock and now Leeds, the company also owns the Best Western Carlton Blackpool, Days Inn Wetherby and Ibis hotels in Sheffield, Birmingham, Leicester, Plymouth and Gatwick, taking the number of beds to over 950 with a property portfolio worth in the region of £50m.