Park Inn by Radisson in York on market for £18m

02 July 2012 by
Park Inn by Radisson in York on market for £18m

The 200-bedroom Park Inn by Radisson in York has been put up for sale, with a guide price of £18m.

Overlooking the River Ouse and within the historic city centre, the property includes a 120-seat bar & grill; 20-seat lounge bar; a health and fitness centre with gym, sauna and beauty treatment rooms; and 13 meeting rooms accommodating up to 910 delegates.

The property, which has undergone a £5.5m refurbishment since 2008, is being sold by Jefferson Hotels and marketed by Savills.

James Bradley, hotels associate at Savills, said that the hotel is a "highly desirable" property. "Occupancy rates are buoyant due to ongoing demand yet supply remains static due to central York's development restrictions," he explained. "This asset, therefore, presents a rare and excellent opportunity to invest in the city's enduringly successful hotel market."

Q Hotels to sell four properties as it plans financial restructure >>

Property focus on the north of England >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

Blogs on Catch up with more news and gossip on all Caterer's blogs
E-Newsletters For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking