Peel offloads its Midland Hotel to Britannia Hotels
The Midland Hotel has been sold alongside the Norfolk Royale in Bournemouth which was sold to Leisureplex and the deals have allowed Peel to become “debt free”
Peel Hotels has announced that it has sold the Midland Hotel in Bradford to Britannia Hotels for an undisclosed fee.
The hotel was built in 1890 by the Midland Railway Company, to showcase a grand example of Victorian architecture in the United Kingdom.
It will become the 64th hotel in Britannia Hotels’ portfolio and it said it will complement many of the other hotels in its existing portfolio.
The Midland Hotel has been sold alongside the Norfolk Royale in Bournemouth which was sold to Leisureplex and the deals have allowed Peel to become “debt free”.
Robert Peel of Peel Hotels said: “The Midland Hotel has always been a great favourite of mine. The industrial and cultural communities of Bradford have always appreciated having one of Yorkshire’s finest hotels in their midst.”
Jeremy Jones, head of Hotels Brokerage at Christie and Co who brokered the deal, added: “I am so pleased that Peel Hotels have secured a timely sale so the hotel can trade under Britannia’s banner. Bradford’s appeal will soon be on a global scale, now the city has been awarded the ‘City of Culture 2025’.”
