Home news Ramada Leicester Stage Hotel to get multi-million pound refurbishment under new owners

Ramada Leicester Stage Hotel to get multi-million pound refurbishment under new owners

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A city hotel is to undergo a multi-million pound refurbishment after being sold to a national chain which is expanding its portfolio.
The Ramada Leicester Stage Hotel, which is next to Knighton Park, in Wigston, has been sold to London Town Hotels.
The freehold 79-bedroom hotel features five conference rooms, a 160 cover restaurant and a fully equipped health and fitness club as well as 135 car parking spaces.
The hotel is situated three miles south of Leicester city centre with good transport links.
Founded in 1988, the London Town Group is an established property investment company which owns and operates hotels across London and the UK regions.
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London Town Group managing director and founder Koolesh Shah – an Asian Business Awards hotelier of the year – said: “We are delighted to add the hotel to our expanding portfolio.
“The property is a good strategic fit alongside our other regional hotels.
“We intend to carry out a multi million pound refurbishment programme and increase the number of bedrooms to further enhance the appeal of the hotel.”
The chain started out in the hospitality industry with a single budget brand hotel in Earls Court.
It has grown to be an established property investment company largely focusing on four star hotels in London – growing out of the capital in 2008 when it acquired a hotel in Nottingham’s Lace Market.
It continued its expansion in Derby and recently in Sheffield.
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In 2009, in partnership with InterContinental Hotels Group it opened the first Hotel Indigo outside North America in Paddington, London.
In partnership with AccorHotels Group, it has established a strong presence of Mercure hotels in London Paddington, London Kensington, Nottingham City Centre and the luxury boutique Mercure London Hyde Park.
The Travelodge Derby Cricket Ground in Derby and the Sheffield Metropolitan Hotel in Sheffield are other recent acquisitions of the group.
Mr Shah said “As a private business, we have the flexibility of working under multiple ownership models like AccorHotels and InterContinental Hotels Group, as well as still bringing our entrepreneurial flair and passion to the table.’
Its head office is in Kensington, and it also owns and operates an e-commerce and online marketing office in Mumbai, responsible for the hotel group websites, various on-line third party websites and search engine optimisation.
Source: Murcury