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The IBIS Budget Hotel in Bradford has been sold to Ali Sadrudin off a guide price of £1.95m.
Sadrudin is a businessman who operates a motorway service station and comes from a family with “hotel experience”.
According to the hotel brand, it made the decision to take the 86-bedroom site to market as it no longer fit its “future investment strategy”.
IBIS Budget operates under a long-term franchise agreement with hotel group, Accor Hotels under its IBIS Budget brand.
It said the new owner would be set to acquire a “well-presented” hotel which has access to the support of the global hotel brand.
David Lee, regional hospitality director at Christie and Co, who handled the sale, said: “Hotels with an income that is predominately from room sales are always popular and this particular property has a lot of potential with a more hands-on approach.
“The hotel has been purchased by Mr Ali Sadrudin a businessman who operates a motorway service station and comes from a family with hotel experience.”
Sadrudin added: “I am very pleased with this acquisition and I look forward to taking the hotel to the next level.”
