The Caterer

Sale of Ellington hotel in Leeds could be clinched within weeks

04 August 2009 by
Sale of Ellington hotel in Leeds could be clinched within weeks

A preferred bidder has been selected for the £3m luxury Ellington hotel in Leeds with a deal expected to be completed within weeks.

The 35-bedroom Ellington, which only opened in September last year, was previously managed by Pantin Hotels and put up for sale in March after its owner City Retreats went into administration in February.

Craig Millward, director at property agents CB Richard Ellis Hotels, which is handling the sale on behalf of the receivers Menzies Corporate Restructuring, said a preferred bidder had been selected and the deal was expected to complete "in a couple of weeks".

In March CBRE said the hotel, offered on a freehold and unencumbered basis, was a "perfect opportunity for a private owner operator who wants to run the business".

Pantin Hotels, which was founded by former Rocco Forte Collection managing director David Pantin and operated the Ellington, is believed to have shelved plans to open a second hotel in Leeds, the Crispin, in 2011 after the management agreement for the development lapsed.

Ellington hotel put on the market for £3m by administrator >>

Ellington hotel general manager Gerhard Schaller dies >>

Property company that houses the Ellington in administration >>

Albert Roux signs deal with luxury Leeds hotel >>

By Gemma Sharkey

E-mail your comments to Gemma Sharkey 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 hotel job here with jobs

Blogs on]( Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail 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

Thank you

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