A Travelodge hotel and linked casino in the centre of Leicester have been sold for almost £9 million. Savills estate agents said a “family” buyer had bought the Travelodge Hotel & Grosvenor Casino in Highcross Street, for £8.75 million.
The site went up for sale through Savills last year when it had a guide price of £10.2 million. The hotel, which has 95 rooms across four floors, opened in 2004, and underwent a £325,000 refurbishment in 2014 as part of the companywide modernisation programme. The site, which backs on to Vaughan Way, also has 55 pay and display car parking spaces.
Travelodge is one of the UK's biggest budget hotel brands, with around 570 hotels – including another in the Leicester Haymarket shopping centre.
