The Sheffield Metropolitan Hotel has been placed on the market for £2.5m on behalf of Royal Bank of Scotland (RBS).
RBS bought the 111-bedroom hotel out of administration for an undisclosed sum in 2012. The property previously traded as Park Inn but it was de-branded when Bespoke Hotels took over the hotel's management in 2013.
The 10-storey hotel is located in the Quayside district of Sheffield and is set to benefit from the city council's plans to invest £3.6m in regenerating the business district and hotel area alongside the River Don.
As well as an open plan brasserie-style restaurant, the hotel has a large bar and a theatre-style meeting suite for 40 delegates.
Colliers International has been instructed in the sale. Julian Troupe, head of UK hotels, commented: "The hotel is in the heart of a regeneration zone, which will see the corridor linking the Riverside Business District and Castlegate area to the rest of the city centre transformed… For the right buyer there exists an exciting opportunity to reconfigure the ground floor of the hotel to make the most of these new surroundings."
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