Ramada Leicester Stage hotel sold to London Town Group

25 Sep 2017

Ramada Leicester Stage hotel sold to London Town Group

Ramada Leicester Stage hotel sold to London Town Group

Property investment company London Town Group intends to carry out a multimillion-pound refurbishment of the 79-bedroom Ramada Leicester Stage hotel following its acquisition from Lester Hotels for an undisclosed sum.

Located three miles from Leicester city centre, the hotel was originally bought by Lester Hotels in 2006 for £6m.

In 2014 Lester Hotels singed a franchise agreement with US-based Wyndham Hotel Group to open 20 Ramada hotel across the UK over the next 10 years. However, now with the sale of the Leicester Stage hotels, Lester Hotels has just three properties operating under the Ramada brand, alongside the Nant Ddu Lodge Hotel & Spa in Merthyr Tydfil, Glamorgan.

The Ramada Leister Stage features a 160-cover restaurant and a health and fitness club.

Simon Lester, chairman and chief executive, Lester Hotels, added: “We have greatly enjoyed our ownership of the hotel and would like to thank all the staff for their hard work in establishing such a successful business.”







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